Unfortunately thats right
Had one before the E53: drove it 10 years, sold it last year.
I just had a look on the market some weeks ago: it was frustrating...
E61 was not an alternative for me - I don't like the design (interieur & exterieur) - looks like a pregnant whale from the side
Late and !nice! looking ones (M package, black or dark grey, yellow/creme leather) E61s are very rare and not much cheaper (at least here) if compared to a F11