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I've been looking as well, I think in a few months there will start to be 1-series hitting lots and then there will be some transparancy in pricing.
I've been looking for a while for a good deal, haven't found one yet on these boards. There have been some good deals, but they've already sold and personally the timing was bad. I'll probably get more serious in March once I get back from my wedding/honeymoon.
Later this spring I'm hoping to pay about $24k-28k for a 2008 135i with normal mileage & condition. That's about 65-70% of an MSRP between 36k-40k. If the economy hadn't tanked, I'd bet that all these cars would be selling for 75%+ of MSRP due to the limited production and it being a new model.
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