The IPOD info on Owner's Circle says the IPOD interface cannot be installed on the 3-series or the X5 if you have the Sirius Satellite Radio option.

Is this also the case for the 2007 E60?

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2007 530 Xit Wagon, Sirius, Logic7, Comfort Seats, PDC, and lots of other neat toys, with 140,000 miles after six years.