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Well Jeremy Clarkson doesn't like it, he does think its stuningly good looking though. I would have to agree with him.
I don't think it was that Clarkson didn't like it, but that he was put-off by the same things that most American cars have in common... Shoddy interior quality, a few nit-picks here and there styling wise, and of course the dreaded left-hand-drive-only feature. I believe that he was throughly impressed by the performance of the car, outright smoking the S4 they had on hand (mind you that it was the first generation CTS-V with the old C5 Z06's LS6) driven by the Stig.
They are indeed right when they call the Monaro a better deal. It was the same case with the GTO here in America, particularly after they gave both cars the same 6.0L LS2 from the Corvette. What it comes down to is how you like your performance sedans, and at least from my perspective, the CTS does everything that I'd want it to do and more. The fact that it has fully-defeatable everything, great styling, kick-ass American V8 power, and a fairly reasonable price make it a winner in my book.
...Sure, the M3 is (probably) almost always going to be the better car, but I'd take the CTS-V second only to it. IMO, Cadillac has come stunningly close to knocking the Germans off their stoop with a first-try, and that is indeed pretty darn impressive.
I can't wait for the next one, particularly if the 515 BHP LS7 rumors are true...