Yes, that's the cruise control cable. There is supposed to be a plastic bracket that sets in the hole below the intake. I took some pictures of mine the other day (see below). Definitely get that part on order!
Sent from my Droid Incredible
BMWCCA Member# 451235
(Summer) 2001 330Ci - ZSP
(Winter) 1994 530i "Greenie" - LOADED
Last edited by goosefoot33; 07-24-2012 at 04:29 AM.