This actually doesn't sound like the CVV. I have had the same condition occur once before on my X3 (2005 3.0L). It seems like under the right set of circumstances, one of which is moving the car a very short distance. In my case it was backing the car out of the garage to wash it and then pulling it back in. The next time we tried to start the car, it wouldn't start. I pulled the plugs & it was very obvious that it was incredibly flooded. I used compressed air to blow out the cylinders & with a lot more cranking was able to get it started.
When it started, there was a huge cloud of smoke, but it did very much have a gasoline smell rather than an oil smell. As I said, it happened once & never has repeated.
I assume there is some glitch in the FI software. Interestingly, I have had the same thing happen to my Volvo 850 & my E36 over the last 6 years.