In Reply to: Project: 545iT posted by Anil on December 21, 1999 at 04:57:24:
Take a look at http://www.emsport.com/gallery/gallery.html.
This company did a 530iT->540iT conversion a few years back. I contacted them for more info, and they said the conversion cost about $10k, but it was fully CA smog legal, and looked factory to the highest degree.
If you decide to pursue this endevour, keep in touch... maybe some day my lil 525iT could run with the pack :)