GHS,
The FTM is part of the DSC in the E90s. What it senses is the rotational speed of each tire. So when one tire is really low or flat it will rotate at a diff speed then the rest and thus the system will warn. So it does not matter if you change tires or rims.
Unlike in the US, I think model 2007 have in built tire pressure monitors built into/add on the rims. Correct me if I am wrong here.