I am going to do it this year as the Beema now has a LSD and will have a cage by then (just in case!). The 325i is weighing in at a ton and about 190+bhp so should get to 110mph+
I got my competition licence by applying to the MSA and it cost me £33 ish and I paid the doctor £10 to tell me I could see, I was breathing and that the blood in my body was going around to the various parts
One guy I know did it said it was disorganised and loads of waiting around so I hope they will get everything better organised for 2007.
Looking forward to it, Bray hill here I come!