Found it!! Did some searching and found the bimmerboard bluetooth arena, opened numerous posts and finally came across one from wala0003 Problem - No call output to speakers, everything else works - Solved
Said he had same issue, jumpered pins 11 and 14 on the 18pin connector under the arm rest. Which according to http://bmwtips.com/tipsntricks/cell-...leshooting.pdf (that he linked) is the "Telephone On - IN" and Telephone On - Out"

I am SOOOO happy that it was something this simple...

As far as SES and 2001, I was confused, they way most references to it are make it seem like the jumper was inplace already prior to 2001...

Thanks for the help Brian. Put this one in your mental FAQ, since you seem to be one the gurus for this all.
Matt