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Looks normal-ish for a dealership.
You might save $50 on the alignment at an indy place - sometimes they are better, sometimes worse.
You could save money on the wheel by picking one up in the classifieds, but you will probably have issues buying just one.
You will probably save a decent amount on the labor at an indy shop as well. That is probably 6 hours of labor or so I'm guessing @ $100. I doubt it would actually take that long to fix - they are probably just going by book rates, which are always inflated to account for any issue and ensure they don't lose money.
Finally, if you don't have a BMWCCA membership, get one because you will save a good amount on parts and the membership will pay for itself.
Good luck - that sucks!
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