Yep i run the 17" 207M's with 135i Brakes.
Looks tight but all fine.
I'm looking to go to 18" wheels so there is a little more clearance for cooling so the brakes don't have as much affect on the pressure in the tyres on the track.
For the road there are no issues.
found a pic online with the BMWP brakes
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2006 E87 130i
M3 front and rear arms, M3 Front and rear ARB , Quaife LSD, BMW performance wheel (non electronic), 135i Brakes, DS2500 pads, Apex wheel studs, Adjustable Bilsteins, API Half cage, Hankook Z221's (track) and Bridgestone RE002's (street) 225's all around