Well Gents,
I was fortunate enough to jump on an opportunity where I could pick up a M54B30 for an amazing price. I inspected the engine and all seems to be fine. Parts are parts are labeled and grouped for easy assembly again.
The plan atm is to clean it up, purchase some new pistons, bearings, con rods, and whatever bits I need to rebuild it for turbo applications. I'll get the engine reconditioned, balanced, sleeved and o-ringed. Eventually, the 2.8L will come out and be for sale and the 3.0L will go in the E36 compact.
I'll update this thread from time to time with the progress of this project.
The 2.8L is currently producing an estimated 320rwkw on 18PSI. God knows what this 3.0L will produce.
In the mean time, here's a pic of my E39 Touring filled with all the bits