You're going to have to be a bit more specific. Let's neglect the initial velocity of the BB for a moment, since it's irrelevant for the discussion of terminal velocity. Assume you're dropping it from a very tall building:
Friction is modeled as a force which is proportional to the velocity of the particle in these cases. The terminal velocity will occur where

will depend on the surface area of the BB, and the nature of it's interation with air, but wouldn't be too hard to measure.
Now, here's the thing. If the BB were dropping in a gravitational field in a vacuum, it's
potential energy gets converted into kinetic energy. In this case, since it's velocity isn't increasing, it's potential energy as it falls gets converted into heat.
Some of this
heat will go into the air, some into the BB. I don't know how much heat it takes to turn a BB into a "poof of dust", but it happens to debris entering the Earth's atmosphere all the time. The velocities involved there are a lot higher, though. Without knowing more about the melting/poofing temperature of a BB it's difficult to say for certain, but it's not outside the realm of possibilities.