I would be surprised to find one of the valve stem sensors in the wheel, it is far easier to compare wheel rotational speeds using the ABS monitors. My old E85 had the reset feature which would take a few minutes to correct itself indicating that it had to wait until it could match all the wheels, i.e. each wheel rpm is +/-% within the average of the four wheels, if one wheel rpm is suddenly higher by some predetermined % above the average it determines it has lost pressure, as it is now a smaller diameter and therefore has to rotate faster to keep up.
However as I haven't got my new Z4 I cannot say that this will be the same.
Sarah