[Estoril Blue 116d]

Have any of you experienced this?
The pedal travel is way too long and the time it takes for the brakes to grip is unbelievable long. And semi-dangerous too.

So when the brake is pressed down, it travels 2-3 inches before anything happens. When the brakes finally grip it's a decent grip but I'm just afraid to really throw the anchor and use all of that power of the 340mm discs and 4 piston caliper. Also there is a kinda "bad" feel to the brakes, like they are on their last chapter. Now the thing is, they're not. The pads at the rear brakes are within their limits, and the computer says 2900km's (although I don't care much about this). They will be replaced but they hold some material still. The fronts are good, there's a 1mm wear edge on the discs but nothing bad at all. Pads look newish.

What do you think? I suspect there is a lot of air in the system and the brake fluid is over due to having a change. Should have been changed this june. Factory filled brakefluid I would assume...

What's your experience? Can someone relate?