i was just emailed by the Owner's Circle with the same letter. I told all you guys before not to stress about the engine. If it blows it blows. Nothing you can really do to prevent it. And no sense in babying your M3, that just takes the fun out of it. Saves me $2000 now that I dont have to buy the extended warranty.
I just spoke w/ Seth from BMWNA, and he said he has heard info re: this issue for extended warranty on powertrain, but gave no definite answer. He's supposed to f/u w/ me later today to verify. He did say it'd be VIN specific though. Whenever I hear back, I'll let the board know.
From the letter: Extended Warranty on all S54 Engines in M3 coupe, convertible and M roadster and coupe model
year 2001, 2002, and until further notice, current production 2003 (Vehicle Identification Number specific)
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