
If you were disappointed by reports that BMW was planning to retire the award-winning, high-revving V10 engine from the current M5 in favor of a twin-turbo V8, well...we can't really blame you. It's one heck of an engine, and we'll all miss it dearly. But all is not lost. The Bavarian automaker is hard at work on the next 5 Series, and with it the next-gen M5. And now spy video footage of the uber-sedan lapping the Nurburgring has surfaced.
With all the swirly camouflage, it's hard to tell much about the car's styling. You can expect it to follow the lead set by the new 5 Series Gran Turismo, though. But the engine – well, just follow the jump, watch the video and tell us if you're not hearing that telltale turbo whine.

It's no surprise that BMW plans to attempt to bring its uber-saloon up to AMG-levels of power when the new M5 debuts in 2011. That means that output needs to surpass the current model's paltry 501 hp, so BMW will bore out the current V10 to 5.5-liters, slap on a couple of turbos and use direct-injection to bringing power levels up to 550 hp, or more. Grunt will be shoveled to the rear wheels via either a six-speed manual transmission or the new seven-speed M DCT dual-clutch 'box.