RAG- Seems like I've had a *lot* of over-polished cars, some of which I really cared about. Perhaps this is why I keep advising people to err on the side of caution and live with some marring. I've read all the posts (here and elsewhere) about how not much paint gets taken off, but having seen it first-hand (and seen it cut to basecoat and even primer), I'm in the better-safe-than-sorry camp. A few more examples:
Another one that was visibly over-polished was my latest Caprice copcar (which I *think* I just sold this week). The previous owner did a nice job of wetsanding and rotary-ing the (beat) factory paint but IMO he went too far- same story as with the M3, there were a lot of areas where the color appeared lighter and more metallic than it should have. It looked incredible for a 110K copcar, but if you knew what to look for (and cared), well, I sure wasn't gonna leave it out in the sun for very long
Another one was the old Volvo wagon I inherited. My fault...I took the *incredibly* abused factory single stage (never waxed for over a decade, outside 24/7, washed in winter by "rubbing it with snow and brushing it off") down to primer in a few spots and not just on crown lines and corners. Did it with a PC/Cyclo too, *not* a rotary. Heh heh, I took it down to primer in a few more places once I took the Makita to it

but by that time I'd scheduled a paintjob anyhow.
The paint on the Jag is too thin to truly correct the marring too, I took off too much with a Cyclo over the course of 20-some years. The guy who's doing the spot-in paintwork has cautioned me that it's gonna look awfully blotchy if I polish it any more..bad news for single stage lacquer, which is gonna oxidize and need polishing no matter what I do to preserve it.
That's a lot of overpolished cars for one guy to think of right off-hand, see why I'm sorta paranoid about it?