Thanks dude! I am so happy with it - I just took it out to pick up a friend from the airport and its just an awesome ride - LOVE IT.
The iPod adapter is really nifty - you do need to set up lists that start with MINI1, MINI2, etc, through MINI5, but after that designation, you can name them whatever. The only thing it won't support are those "on the go" lists you can make on the ipod itself. The MFSW will control the iPod (read the little pamplet if you get it) and the sound quality is great. I was also nervous about the dash coming apart, however the techs said they've put an iPod adapter in nearly every MINI sold since the adapter became available. Very popular. So they're quite good at putting it in.
You won't regret it if you get it. Do make sure it is possible to use it the H/K system - I have heard conflicting reports on that....