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I just took my car in today. The "service" light was on (27+k mi) The are doing... 1) oil 2) brake fluid 3) coolant if necessary 4) 2 recalls (seatbelt tensioner and tail light) 5) full inspection (this happens around 30K) 6) headlights (one is out) 7) wiper blades 8) interior cabin filter 9) prob air filter 10) rotate tires (I just did this but they do it for free for me even though it is not technically covered) 11) provide a 335d to drive (so F-ing fun)
So in short the service light is just there to tell you when to go in for MAINTENANCE. Nothing is wrong with you car.
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