No, you can not update an E60 with the V29 OS update disks. Those only work in the previous E38 7 Series, E39 5 Series, E46 3 Series, E53 X5, Z4, X3, and E65/E66 7 Series.

__________________
SOLD
2000 E38 750iL Highline Edition, Upgraded with the lastest 2006 X5 Electronics
MKIV Navigation, 16:9 Display, Bluetooth, TV/Video with Backup Camera, Sirius, and Aux Input