For the benefit of anyone following the last few replies in regards to my 2001 X5 w/ NAV not getting Text Display AND having iPOD control, here is the reason:

Tom thought my module was the DICE Silverline Pro- mine is just the Silverline and does NOT have SMART MODE, the ability to have iPOD control AND Text Display at the same time.

With my DICE Module, the only way to get TEXT display is to put all the dip switches in the UP or OFF position, select CD6/Track5 or Track6, then press CD1 to exit Text Selection Mode. Note that you will not be able to control the iPOD from the iPOD w/ this setup. The iPOD screen will say OK To Disconnect. IMO, this makes it too hard to navigate the iPOD songs.

The solution? Buy the $99 Silverline Pro module. I'll pass, not that important to me.