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We had a 07 X3 that we bought in Nov of 06. It was one of the first batches of 07 models so we dealt with the poorly programmed transmission that left us stranded once (albeit in our own driveway). After 4 reprograms the transmission came around and was tolerable although the other 5 BMWs we've owned had better trans in them. Outside of the transmission the only other item that required repair was a fault Vanos solenoids. Well then there are the squeaky rubber gaskets around the doors but that's an easy DIY fix.
We put a touch under 40,000 miles on it in 3 years and turned the car back in. While we enjoyed the first half of ownership the last half wasn't as enjoyable due to the ride quality (none sport). A pregnant wife and my back being on its 4th surgery didn't tolerate the bouncing to well.
All of that being said.... If you like the car, can tolerate the ride and okay with encountering minor issues from time to time then it'll be a great long term ride. As modern BMWs go... this one of the least complicated and gadget filled.
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