First off I have spent lots of time reading everything I can find on the forum regarding the vanos issues, unfortunately what is happening with mine seems to be a little different.
A little background to begin with. I was fortunate enough to find a 2002 M5 that had never been put into service (long story which there is a thread on) and so I have the original manufacturer's warranty until December of 2010 or 50,000 miles. So my I am confident that this will get fixed, eventually.
The noise my car makes is only when the car is cold. However, where mine differs from others is that the noise does not go away fully until the engine temp is running at its 'normal' levels and the oil temp is into its 'normal' operating range. So where others only experience the rattle for a few seconds my lasts for a couple of minutes and only happens when the car is under load and moving. There is no rattle if I just sit in my driveway or a parking lot and rev the engine, the car actually has to be moving.
So I am looking for some thoughts, suggests, etc. my tech so far says no worries that this is not hurting anything (not sure I believe him).
Thanks,
Pete