IMHO, the only thing that makes sense, from an R&D perspective, to give the M2 it's own "bespoke" motor, would be to put the S55 in there. Maybe de-tuned to 400hp or something (but upgradable with aftermarket, of course) so as not to step on the M4 toes, even though I think it won't.
Again, BMW has thrown out the old nomenclature. M3 doesn't really mean what it used to. M4 and M2 are completely new and uncharted territory, there is no need to be held back by the norms of the past. Make both cars great and let the chips fall where they may. People that want a midsize coupe will buy the M4, people that want a small coupe will buy the M2, there is no need to hobble one over the other.
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"...couldn't help but make me feel ashamed to live in a land where justice is a game." -Bob Dylan
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