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Glad you like it - and welcome to the forums!
I was in the same boat - the BMW fitting instructions state that the installation time is 2.5 hours "dependent upon equipment already fitted" which suggests that if you already have other modules in the area - like bluetooth, it might take longer to fit. Due to not having done this install before, my dealer took over four hours. My all in bill was about £500 but I suspect the further south you go, the higher the hourly labour rate so your price was reasonable - especially since some dealers have quoted forum members in excess of £750.
I think the important thing is to tie them down to the "official" 2.5 hour labour time.
In terms of your last comment that the standard sound system is poor, I think it's a legacy of BMW (and some other German makers as well) when they used to supply cars without a stereo at all on the basis that "makes it easier for the discerning customer to fit a unit that matches his requirements." Hah!
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