I agree on the exterior, especially of the E53 4.8is, but the new interior in the E70 is far more appealing. Although I love the look, the basic interior of a 2006 X5 looks like it could be a mid 90's BMW. The E70 interior is quite refined and has a great tactile feel.
I think an E53 4.8is exterior with an E70 4.8 loaded interior somehow blended would be the perfect vehicle for me!