I think you have a very good viewpoint. It seem that the new new Mazda (the first new mazda was the early 90s) has really picked a focus and ran with it. Every day I drive home past the BMW dealership and have come to the realizations is that Mazda is positioning itself as the BMW for the people. Everything int he lineup (other than the Ranger and Escaper er... B2000 and Tribute) are built around driving dynamics. Even most auto reviewers acknowledge this fact, often comparing the Mazda3 the "other 3." There is even the Mazdaspeed division to mirrir the BMW M-series.
That said Mazda isn't so much emulation BMW's products as it is emulating it's strategy. Mazda is basically getting back to it roots. Sure the RX3 was a rotary powered curiosity, but the rotary was chosen to provide for performance and handling gains, not to simply be different. But where else can you get a sportwagen with sliding doors? Heck, where else can you get a sportwagen with a MT option that handles this well for under $20K... NOWHERE.
I don't care that it's really a van. It's a car that tho whole family can fit into and still gives a spirited Sunday afternoon drive. It's a car than makes the wife and I choose to take the scenic route. It's a VAN than can 4 wheel drift though a tight bend (learned that on accident and probably won't replicate anytime soon). In short it, is the proverbial wolf in sheep's clothing; flying under the radar due to its van like packaging. It is also an increasingly rare example of a manufacture building the car that people want and selling it to just that demographic, rather than building the best compromise and trying to sell it to everyone (Dodge Journey, Toyota Camry, etc).
And oh yeah, they build the 5 is some wild colors...