The problem, as I see it is that BMW's computers will not give out the info you listed.

You have to think about this as a language barrier. The computers on the cars are thinking in BMWeese. If they find a problem it then throws a code in BMWeese. If it is a required ODBII code (required by US regs since 1996) it translates it into OBDIIeese so an OBDII reader can read it.

I was messing around the other day with both of the readers (Actron OBDII and Peake Research) I was able to find a code with the Peake tool after I had "erased all codes" with the Actron. I was also able to find transmission codes with the Actron that the Peake didn't find. I think unless your willing to spend several $K for a reader there is no one reader that covers all the bases on a BMW.

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2007 Suzuki Vinson 500 4X4
2007 Toro 6.5hp
2006 BMW X5 4.4 ltr (his)
2001 BMW X5 4.4 ltr (hers)
1994 Honda XR650L
1984 Honda XR80

"Beer is proof that God loves us and wants us to be happy."
Benjamin Franklin