I finally saw one!!
I was on my lunch driving to Subway and there it was. Right in front of me, a silver e46 with a ///M3 badge on it. Wait.. something isnt right here, thats not an M3.... damn fake badges! I was about to roll up next to him and provide

but before i was able to he turned and was gone. I didnt even have time to snap a pic.
The little bugger just popped up and was gone before i knew it. I'm going to hunt the wascally e46 down and get a pic!