Ok...had my first major problem with the beast. Last night while driving about 75mph on I270 northbound, went to punch it to pass some ricer that was in front of me holding up the works.
As soon as I stabbed the accelerator I could hear it...the "blatting" sound that others have reported when they had VANOS/CPS problems. Immediately the SES light came on.
Immediately I dove for the first exit, pulled into a gas station and shut her down. As I was waiting to pull into the gas station I could hear the engine idling very roughly. Sounded to me like the CPS problem that some have reported OR a cylinder not firing (yikes!

).
After shutting down, I waited read out the codes:
DTC code: P0441 Evaporative Emission Control System - Incorrect Purge Flow
SES (MIL) code: P1351 Misfire Cylinder 5 With Fuel Cutoff.
The SES code (P1351) explains why the car felt like a cylinder was not firing.
I am not sure about the DTC code though. I am not even sure if the DTC code occured at the same time as the SES code or if they are related.
After reading out the code (and cursing for a few seconds) I tried starting the engine. SES light disappeared and the engine sounded "ok" - no sign of misfire. However, it definately felt like she was underpowered.
I've searched for possible causes (including a recent posting on Cylinder 5 misfire) and the consensus appears to be that the cause is either:
1) MAFS; or
2) Camshaft Position Sensors.
Called my SA at BMW Towson who "ordered" me to bring her in tomorrow. He agreed that it was either MAFS(s) or a CPS - "most likely a CPS". Hopefully they'll scope it out and get her back to where she was before.
My question to you now is: the elapsed time between when the SES light came on and when I shut the engine down was about five (5) minutes. During that time, my peak speed was probably 50 mph. Average speed probably 30 mph. Is there any chance that, since cylinder 5 was shut down (no fuel), other parts of the engine (bearings, valves, engine mounts, etc.) could have been damaged.
Thanks for reading. I will let you know what the outcome is after BMW Towson looks at her.
Jeff