I had both on an M3 - the continental are just as good for 90% of street driving. The Michelin may offer slightly better grip, but I doubt most people would even notice - I'm not even certain they do.
On a mostly street driven car, I'd say go with the conti. If you end up tracking or auto crossing regularly, I'd suggest investing in a set of r-compounds. Night and day difference between even the cheapest r-compound and the best street tire (e.g., michelin).
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