No. Thats the CCC disk.. You need the "high" disk. Its more expensive. I dont see any on ebay now.

Top section will work, bottom wont for you:

For E53 X5 (I-BUS) (YOU WANT ONE OF THESE)
DVD High 2002.1 S0001-0070-210
DVD High 2003.2 S0001-0070-309
DVD High 2004.2 99 00 0 309 800
DVD High 2005.2 65 90 0 398 542
DVD High 2006.2 65 90 0 404 346
DVD High 2007.1 65 90 0 415 621
DVD High 2007.2 65 90 0 426 554
DVD High 2008.1 65 90 0 431 723
DVD High 2009.1 65 90 2 147 669


For E70 X5 & E71 X6 (DVD-CCC / MOST BUS) (NOT FOR YOUR CAR)
DVD Professional 2004.2 99 00 0 390 203
DVD Professional 2005.2 65 90 0 398 540
DVD Professional 2006.2 65 90 0 404 347
DVD Professional 2007.1 65 90 0 415 622
DVD Professional 2007.2 65 90 0 426 555
DVD Professional 2008.1 65 90 0 431 724
DVD Professional 2009.1 65 90 2 147 677