BMW said, and with good reason, first time in serial production. Water injection is used in the 1980 F1 turbo engines und todays WRC cars.
It's only to cool down the combustion chamber at max power, that the pistons don't melt.
In the part-load range, you don't need that, on the contrary it's much better to have a hot chamber, because the engines are direct injection and there is the need to obtain a homogeneous mixture in a short time. So the injected fuel has to converted into gas, and there a hot chamber is good for.
Emissions at max power, I don't want to check, fuel consumption either. Out of the maximum power, you will not find water inside the engine.