Hey guys, spoke to the dealer today and then to BavarianX. The dealer confirmed for me that the part numbers above were correct. Was quoted at the dealer $46 for the valves and $278 for the TPMS.

Spoke to the great guys over at BavarianX and they explained that all BMWs with production dates after 10/2010 to date all are using the newer TPMS. Cross-referenced with REALOEM.com. Went back to their website and purchased them for $229, shipping was an additional $10 to New York. They sell the same exact sensors, they are just labeled with the BERU (manufacturer) numbers instead of the BMW stuff. Very happy, thank you BavarianX! I used this link: BMW TPMS Sensor Kit X5 Series 2011

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