I doubt you'll hear any difference when you fit the panel filter, you will get quite a different intake note if you fit an open intake filter such as the GruppeM or Helene CAI's. The principle behind high flow intakes is exactly that, you remove some of the restrictions that OEM filters cause to the airflow. Increased airflow into the engine combined with the extra fuel that the ECU should supply as it registers that increased flow equals more power. Don't be fooled into thinking that more noise equals more power though, some CAI's will loose you some power particularly on cars like the Z4 because you'll loose the ramair effect. The aftermarket intakes fail to seal against the front panel and you loose the compression of the intake air basically.