I finally got around to completing this.
First I wanted to thank all the great people here that shared their knowledge.
Here are some links I used for more information and help:
http://www.zeckhausen.com/Eurodash.htm
http://www.e39garage.com/eurodash.htm
http://www.bmwtips.com/tipsntricks/S...eringwheel.htm
http://www.x5world.com/m_wheel_retrofit.htm
The uprgade of the steering wheel from 00 to 01+ was pretty straightforward:
-Turne key to acc to be able to move steering wheel, then turn off
-Disconnect battery
-Loosen two torx screws behind wheel to remove airbag, disconnect airbag
-Use 16mm socket with extension to remove bolt in the center of the steering wheel
-Remove steering wheel
-Place new steering wheel on (there is a mark on the steering wheel and steering column that helps line it up perfectly)
-Tighten the 16mm bolt, using a Torque wrench set to 80 Nm (59 Ft-Lbs).
-Finally, pop the new air bag in and you're all done.
I worked on converting to the Euro Dash while I had the old steering wheel removed so I could work easier around that area. I followed the procedures listed on e39garage.com and it was not too difficult. If you're planning on doing this, make sure when you're cutting the metal to make sure it is cut enough for the new storage bin to fit.
Here are some before and after shots:
BEFORE
AFTER
-Amir