i've been looking at both the E53 and the ML350, test drove both. I'm not at all impressed with the new ML350. It drives and feels like an upscale Chrysler. The E53 on the other hand has character, even though it's a somewhat dated design. The handling is like none other. I was waiting for the E70 before making a final decision and from what I see, I'm very happy with the new model. The exterior looks gorgeous, the interior from the pics also seems very luxurious and contains all the characteristic of a BMW. I much prefer the driver centric feel of a BMW interior to a plush, plain and senseless ride of a Lexus or MB. If the E70 handles the same or better than E53, I'm sold. Can't wait to see one in person and test drive one.