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E46 M3 SMG Gear problem

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Hi guys, I have a problem with selecting gears on both auto and manual.
The problem first started when I moved it into reverse and the display would just flash N or R on different occasions, if I put it into 1st or 2nd the car was driveable with no issues.
I then disconnected the battery for a few hours and tried reverse again, after several attempts of moving from 1st to reverse it finally displayed R without flashing, when I tried reversing the car went forward. Argh
I tried moving the car forward again and noticed the car felt very sluggish, when I tried changing gears up it would move to 2nd & 3rd, 3 lacked a lot of power and would flash on the display, when I stopped the car and tried moving off again the gears jumped into 5th with a loud bang which seemed to come from the gearbox.
My investigations on the internet point to the gear position selector, can anyone please confirm if this is the cause of my problem and also recommend where I could get the selector at a reasonable price?

Any info will help, thx fellow fanatics
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