Hi Lee
yes, out of the box spectrum doesn't seem to support BGP peering. However, we did do a lot of customizing to get it working here at BNL.
Since we have a fixed number of BGP peers (12 or so) it wasn't too difficult to implement with alertmaps, and events.
We use snmp BGP traps from the routers to trigger the events. We also have service monitors in place for reports and SLA uses.
Since we have some redundant BGP peerings we can loose one and the routing switches to the other peer and the service is not down, just degraded.
However, this area of spectrum customization is not documented very well. you will need to get tech support assistance to configure it with spectrum.
Once you get the first couple BGP peers going, rinse, lather, and repeat for your other BGP peers.
The CA Spectrum tech support folks have promised us they would enhance the documentation in this area with explanations and some examples.