^What they said.

1. Pop out front courtesy light/map lights.
2. Reach up and in to pop out homelink module as shown in pic
3. Reach through homelink hole to pup out sonic alarm module

Easy peazy. If you are trying to drop the whole thing, then you can remove the screws to drop the whole panel. There are 4 screws there as shown in the pic, but only 2 are necessary to remove for console removal. It's the ones under the sonic module I think. The front ones do the job of holding 2 parts of the console together if memory serves.

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2005 X5 4.4i Build 04/05 Maintenance/Build Log
Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles)

2006 X5 4.8is Build 11/05 Maintenance/Build Log
Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles)

2010 X5 35d Build 02/10
Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles)