I have had numerous shakes in my 540i...
many have been wheel balancing, some have not.
I had the dogbones in the rear replaced last summer and have been smooth in the rear since.
I had my wheels balanced again today and it seems to have fixed my small front end shake, don't forget that every day as you drive the wheels change and require re-balancing
I have felt that mega shake like you, but all my front end parts check out!
I too would like to know what it turns out to be!
good luck!