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From Motor Authority:

Updates at BMW, more powerful M5 and new 1-series BMW is well on its way to becoming a full-line manufacturer with plans to launch several all new models in niches not normally reserved for the luxury marques. We’ve previously reported about a new 3-series based crossover and a possible M10 super-sports car, but we now have information about several new models due before the end of the year. Just around the corner are the new coupe and convertible versions of the entry-level 1-series, with both cars expected to get more powerful engines than the current hatch. A new 123d model will appear with the superb 204hp 400Nm 2.0L diesel, as well as a new 125i petrol version. BMW’s 286hp 580Nm straight-six diesel engine will appear in a new X5 3.0sd and will also end up in the facelifted 6-series coupe due at September’s Frankfurt Auto Show. After that, we can expect to see the arrival of the all-new E71 X6 crossover. Finally, the M5 super-sedan will come in for some upgrades. The performance saloon will get several additions to the interior, including a new heads-up-display system, as well as an upgrade to its 5.0L V10 motor to prepare it for Audi’s upcoming RS6. Word on the street is that it’ll produce around 520 to 530hp, but there’s no mention when the updated model will be released.

-- Great to hear that the M5 will receive a much-needed power upgrade!! They must have finally felt threatened

X5 M Sport Package:
http://www.netcarshow.com/bmw/2008-x5_m-package/