Yep, that's the rear output shaft coming out of the transfer case, and it is transmission fluid (reddish color). Mine was only dripping 1-2 drips per day while it was happening. The dealer ordered a new seal and replaced it. Over 20K miles since then and no issues at all.
Here's the thread I...
I mean, none of us were surprised after we saw you are a BMW/MB owner. I kid, I kid. :) Hope you guys work something out, because these things are pretty dang awesome!
My front and rear cameras do this randomly, but the sides have remained solid. SM told me it was a software problem they could take care of during next service, so we'll see...
Got my tracking number on September 8th, but USPS is still showing they are waiting for the item. Fingers crossed it gets going soon! These all look so great.
Like you said, can't tell from the picture, but I hope you get it fixed to your satisfaction. Haven't had any paint issues with mine, it just looks so damn good out in the sun!