I went through a tire sizing dilema with these same wheel sizes. See my signature for what I ended up running with. I love PSS but I wish 295/35 or 305/35 was available for the 11" wheel. Other options include Hankook RS3's (265 / 285 (nothing larger than 285 available), Nitto NT05 (275/35, 295/35) or Michelin PS2's (275 or 265 front, 295/35 rear).
'08 E90 M3 - Alpine White - Sold
'13 E92 M3 - Silverstone II - Sold
'04 E46 M3 - Jet Black - BBS E88, KW Clubsports, Brembo BBK, SuperSprint Exhaust