Ironically, I found out about this most recent recall, after going in for another recall. I was in BMW of Tulsa this past Saturday to get the passenger airbag fixed. Haven't drove it in about a month. So any E46's out there beware, if you weren't on the original recall list there's another.
Then the service rep let me know of a just released one for the driver side! Looks like the E46 will stay parked for at least a few more months. Guess I'll spend the winter fixing it and improving the suspension. I'm glad this didn't deploy while on track.