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Not to demerit the E39. It's a good car...just not as cool-looking.
There's three things an object or person can be or have: class, cool, soul. "Class" is obvious; "cool" is whatever's trendy or new; "soul" is that intangible quality of timelessness...sort of. You can have any two, but never all three. It's an unavoidable tradeoff, right up there with cheap/fast/good.
The E60 and E39 both have class, but the E60 traded soul for cool.