caterham,
that's why it's baffling to me that all the new 4.4L twin turbo engines in the M5/M6/X5/X6 calls for BMW 5W30! M1 0W40 is on the approved list as well as 4 other pages of xW30 and xW40 "european formula" oil.
I bet the new 3.3L tri-turbo that's going to be in the next M3/M4 will also call for the same grade oil, and I can't imagine a turbo M motor run much cooler than say my S65 V8.
I've wondered the same thing myself as the existing twin turbo engines can get the oil quite hot even driven on the street, but from what I understand they are not high rev'ing engines so they mat not have the same oil consumption issue when driven very fast.
Keep in mind the FF on M series engine for which TWS is spec'd is only a 30wt oil and the rev' limit while new during break-in is only 5,500 rpm.