Verizon came out with a new bluetooth phone this week, the LG VX8100. I've been successfully using a Motorola V710, but I prefer LG phones, so I picked one up. The LG paired with my '05 530, but the phonebook wouldn't transfer. After a long talk with customer service, LG, and BMW I learned that this is the limit of compatibiliy betweent the LG and BMW. I returned the phone. Hopefully, there will be a software update in the future that will allow me to use this phone.

Please post if you have a different experience or hear of a software update.