Rumor has it that BMW will pull a defensive move to protect resale value on 2002 and 2003 7-series (it's virtually a done deal) by extending the warranty to 6 years/100K miles.
A smart move by BMW to protect resale values but our recommnedation is to stay clear of ANY 2002 7's, even if they have a 25 year, 1000 mile warranty.
Play it safe and only get a post January 2003 production vehicle.
Those are the cars that have upshift AND downshift buttons on the steering wheels.
Those 03's and 04's are MUCH more reliable.
If it was our money, we'd take that route.