it can be done. There is a thread about this about 6 months back. White X5 with bull horns on the grill. They said it took some time to prep the flares(smooth) but after that it is std way you paint flexable plastic parts.

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2012 X5 50i ZAP(2VA, 336, 465), ZTP, ZPP, ZPS(6VC), ZCW, ZRC, 322, 4UB, 4NC, 610
2011 ///M3 Silverstone II
2011 X5 50i(lemon)
-- SOLD --
08 550 Msport
07 X5 4.8I sport
04 545i sport
02 4.4i sport
01 540I M/sport
00 SL500
97 SL500