Sujit: Have dug into this a bit and believe trying to swap steering wheels lands you in deep kimchi (or whatever is the smelly national dish in Thailand). Talked with a really good tuner shop in Tampa where the owner has himself put an M3 digital steering wheel into his heavily modded M5 ... and they won't touch it: airbags, etc.
There's another thread somewhere where the guy found some alcantara with foam backing and had a leather shop do his wheel with good result. Seem to recall he paid around $200 USC plus the material, but that's obviously a function of where you are.
I'd love to put an M3 steering wheel on my Z4, but it looks like it really is in the 'too hard' category.
(Still wearing those great tee-shirts with pride. Again great thanks.)
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