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I ordered 540i with loads of options two weeks ago and it will finish production tomorrow. My guess is that BMW puts Euro orders to the back of the queue OR the people in Europe whose orders are supposedly getting delayed, were never placed as Priority 1 - Customer Sold.
Regarding the another post about custom orders getting delayed. It's not true, dealers get certain slots for a month so even if a slot was scheduled to start production at the end of the month, it will go into production within a couple of days of being placed in "Priority 1 - Customer Sold". I know because we placed two orders on same day but weren't able to add special options due to weekend, and cars went into production in two days. Then our dealer got two slots from another local dealer, added special options and again two days later the production had begun. Its amazing how good and efficient BMW's ordering/assembly system is.
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