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Remember the BMW M1 from the late 70's and early 80's? Sure, we all do — how could someone forget the only BMW mid-engined homologated racer? Well, for you fans of that MotorWorken hotness, we've got an exciting bit of news out of the Concorso d'Eleganza at Villa d'Este, an Italian gathering hosting precious metal from all over the world. The Germans suprised everyone by bringing a piece of racing hotness hearkening back to those halcyon days of the late 70's — kind of a thirtieth anniversary present to lovers of the old M1. It's called the BMW M1 Homage concept, a modern-day interpretation of the mid-engined Bavarian exotic. So is this flame-surfaced M1 successor a future classic? Well, it's hard to say.