I too looked at everything under the sun in this price range...Evo X, STi, 335i, E46 M3...ultimately I picked the Z for the combination of looks, interior, handling, and decent speed. Evo X has great handling and potential for speed but the interior is really bland and the exterior is a bit ricey, same for the STi.
It's amazing that we're at the point where a 5 sec 0-60 is considered somewhat slow at $30-40k. I just didn't consider the Mustang GT because it's just not my style, sounds like a great car though for the right person.
Hoping to get my 2011 Z in the next few months!
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