Personally, I'm keen to try running something from 100 to 150K, so would be interested in owners' experiences.
I bought my previous BMW 323 touring at 114000 and ran it up to 158000. In that time I replaced the front wishbones (a known weak point in that they only last about 40000), the shocks with bilsteins, the springs with eibach 25mm lower and replaced the wishbone bushes and rear trailing arms with polybushes. Basically it was a bit of a project as well as my daily runner. The handling after this work was superb, but there was more harshness as I stated above. If I wasn't interested in making it handle better I probably would have just done the front wishbones, and maybe a set of standard trailing arm bushes. The original shocks were still good, the E36's seem to be easy on them, probably because of the 50:50 weight distribution. Everything else was standard - the whole drivetrain including engine showed little sign of wear. I had to replace the brake light switch, and I had the climate control unit repaired for £40 by sending it off to someone who replaced a faulty capacitor - a lot less than the £200 BMW wanted for a new one. It was still running superb but I'd had it for six years and I got fed up of the hard ride.
Any car including this one is going to need suspension replacements at this sort of mileage - shocks, bushes e.t.c are seen as consumables. The one thing I will say about VAG and BMW is that there is a lot of know how surrounding every aspect of them and a huge aftermarket serving them, so if you want to, you can keep the things running for years. But you have to weigh up how much you're spending on replacements versus buying a newer car that still has plenty of life left in all of it's components.
There was an old shape Avensis featured in car mechanics that had done 200000 miles. I think the guy called it Alan :) If I recall, he replaced the shocks, an oxygen sensor and had the gearbox rebuilt at a specialist at 150000 miles due to worn bearings. But as Unthrottled said, it was used mainly for motorway commuting.
There was a thread on here a few years ago about high mileage cars, and there were many different makes featuring on it.
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