I saw the spy shots of the new x5 over at edmunds, please tell me those are not close to the actual vehicle, if so I am never selling my 03

Are you talking about this:
http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/pictures/VEHICLE/2007/BMW/100511158/20023147-E.jpg
That has a lot of moldings on it so can't really make a judgement on its looks. The rear bumper doesn't look great but I bet it won't look anywhere close to that when it does come out.

Too early to tell...

yep thats the one, it almost looks like they are trying to attract female buyers ( no offense ladies ) but one of the reasons I bought my 03 was that it looked a little more muscular than the other suv's. the low height of the hood along with the the hatch angle leaves a lot to be desired.

It looks smaller than the current x5 for some reason....and I can't put finger on why :dunno

Those wheels would look good on some other bimmers.