I've heard good things from others as well. I've been thinking about starting a project. My buddy brought it up recently and is interested in getting involved so it might actually happen. I have a 99 Turbo in my crosshairs:
I love them. I've driven many of them and considered buying one a number of times. When you say grey, do you mean silver? The e36 is a truly beautiful car. I know a lot about e30 and e36 so if you have any questions feel free to PM me. In fact my friend and I had a conversation about them earlier today.