I got the E46 Sport wheel.. the airbag does have the markings "BAM PT1 - 1085". It is on a yellow sticker. I have asked BMW to confirm if this bag is faulty or not. In the meantime, I also pulled another sports wheel from a wrecking yard with more wear on the wheel itself, but everything else in good condition, including an airbag with white sticker which apparently isnt part of the recall.

I have frankensteined them together to make one really nice condition steering wheel, and have ordered the 'lower trim' in black to match my car.