I have a similar noise on mine, but it only occurs at 1500-2000 rpm (in any gear).
When I was in Sydney a couple of months ago I saw another 130i driving to a set of lights. When he slowed down, his car did exactly the same thing!
From what I have gathered in the Uk forums, it appears to have something to do with the exhaust heat shield being loose, or the rubber getting hard.
...have to get it looked at one day.
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The Blackmobile
Black 130i M Sport; 18" Oz Ultraleggra; 225/40 & 245/35.
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