Ok... old thread, I know.
I just did this and have the FTM option now, but still getting FTM System error and the reset is greyed out, so I can't reset it.
Coded out the $2VB (couldn't add $265 like others say to do), and pretty much followed the coding above for CIC, EHB3 and KOMBI. Also removed the RDC module from under the dash. Mine is a 01/2010 build.
Just to note... I did the coding first then changed the VO and removed the module. Would that make a differnce?
Any thoughts?
Thanks.

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2010 E70 X5 3.0, Vermillion
2003 E46 M3, 6sp, Steel Grey