In an unusual move, the BMW X5 will skip the typical mid-cycle refresh to make the transition towards a new generation. It was spotted up close by our spies and it might have been an M Performance version (X5 M50i?) judging by the big exhaust tips and the blue brake calipers at the front axle. The disguise applied onto the front bumper was likely there to hide some big air vents necessary to cool the powerful engine.
See the full set of images here.