Search the current 3 series BMW posts in bimmerfest.com. If it's not there, check all the forums there. There is a post within the past month along with photos. Some people didn't like the way it looked, some did.
I saw a post on e46 fanatics about how to make your own using the tow hook that comes with the car, but I'd much rather just buy one and not have to sacrifice the oem tow hook.
Not bad...a left-threaded license plate holder? A peeve of mine is the ridiculous tow hook covers anyway...how often are they used ? Virtually never. Ruins a perfectly smooth bumper...or strip.
SaabSweden? Whats wrong with behind the license plate bracket? And eliminate those two stupid horizontal slots while your at it.
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