Yep, three colors and no DCT.
But what really has me wondering is that BMW's M leadership has described the 1M as a return to the "driver's" car (whatever that really is) and as an entry point for the younger market for M. Then they go and make it a limited volume with very likely a price to measure, maybe even creep close to a base M3? I don't get it... But I'm starting to get the 5.0 Mustang GT I'm afraid to say.
2010 BMW M3 Coupe M-DCT w/Tech-EDC, BMW M Performance Exhaust, BPM Stage I Tune, Space Gray / Fox Red Extended, and a Trunk Monkey known as "Der Stig",
plus the daily driver...
2011 BMW 135i M Sport DCT, w/BMW Performance Power Kit, Exhaust, and Brake Rotors, Space Gray / Coral Red, known as "Stiggie" with an outlaw F20 "M135i" badge.