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^ I agree. I bet you could get away with very mild boost, say 3-4 psi, but you'll only get 25% more hp out of it. Not really worth it in the end considering the R&D, tuning, and hardware.
A mass-produced kit would run at least $4-5k. Would anyone pay that much for a kit plus install and still have a car that's down on power compared to an M? At least with the M54 you still have room to play.
I just don't see it happening. I hope that it does, and that it works. I don't see it coming to fruition though.
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