Well, I actually got around to installing the brake parts I've had in the basement for a few weeks. Before that, I did manage to get the oil changed. A pretty simple job, but the car does have to go up on ramps to get to the oil filter. It's a canister-type with a cartridge insert, and it's upside down, on the underside of the engine next to the pan. A little messy to remove, but not a big deal. One note - the drain plug on the pan is HUGE, so oil will run out with reckless abandon and it's important to have a big pan to drain into, or else there may be a spill. Ask me how I know.
As for the brakes, I went ahead and got new rotors and pads. I think the rotors were original. They weren't badly scored or uneven, but the other surfaces were badly rusted. Here are some pix. This is the passenger side before I got the rotor off.
Here's a side-by-side of old vs. new rotors.
The procedure was pretty much as advertised. The pads themselves had good thickness on them but they were chipped and pitted in several places. Again, I didn't know how old everything was, so I'm happy to have the job done.
That said, I did run into a big problem getting the old rotors off. the manual and other reference sites say, 'Remove rotors with a couple of taps from a dead-blow hammer.' I think I may have redefined 'couple' and 'taps' for the purposes of this job. It basically required be lying under the car and beating on the backside of the rotor with that hammer until my hand was shaking. It did come loose after about 15-20 minutes per side.
Once they came off, the job was simple to complete. The test drive worked well - I get no brake squeal or anything like that (well, a little when backing up in reverse, so I may eventually redo one pad that I think was the problem) so things must be ok.
Now, I did the rears first, because it is the less important axle for automobile brakes. The jury is out at this point about the fronts. I may just wait until they are obviously bad, and just leave well enough alone. I feel fortunate that I haven't had any repair go terribly wrong - I haven't had to resort to an emergency tow somewhere, but maybe I'm just pressing my luck at this point.
I do have a couple of projects for the 325i anyway...