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If you are really interested in getting an '08 you'll want to sign the papers on or before 9/2. The October lease programs just got posted on bimmerfile and they're really ugly. The M5 fared better than most, but did take a 3% residual hit and the Owner Loyalty money factor is gone.
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'08 M5 Sedan Silverstone/Black
'07 M6 Coupe Silverstone/Black (gone)
'07 Z4 M Coupe Sapphire Black/Black (gone)
'06 330i Sapphire Black/Black
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