LCP, maybe we should clarify the "sounds" that we are hearing.
For the fan belt bearing issue, the sound is similar to that of an "old" electric shutter. You know, those shutters that are used as a front in retail stores at Shopping complexes. When the shutters are "old" and if you start the motor to either lift it up or down, you hear this metal screeching of metal against metal, possibly "worn" out bearings.
Same sound on my E46, except because it was runining at a higher speed, it ended up like a high pitch "screech".