As soon as they launch the M5, the Competition version appears straight after it seems. I was at the BTCC at Oulton Park today and the BMW stand had one on show. Pictures below. According to the chap with whom I spoke, these are not in any showroom in the UK just yet. Arrives in August. It has an extra 25bhp (in case 600-ish is not enough, I assume), is lowered 7mm with stiffer springs, more negative camber at the front for sharper turn-in and has a few other refinements. £96k, a little beyond my budget. Nice wheels though. It would have been rude not to take a few photos, so of course, I did.