I have an '12 550i and really don't have much of a problem with the steering. Granted I don't expect it to steer like a 3 series...too much weight but for what its worth its great. My last car was an Audi A7 and prior to that an e92 M3 so of them all the M3 of course had better steering and a better engine/suspension but its a smaller car. I've added H&R sport springs to my 550i and a Dinan Stage 1 and its a different car...much tighter.
So far no problems..no regrets especially with the $$ save on the M5! I too was the benefit of one of those late Aug/early Sept BMW deals where I got my 550i for like $8k off MSRP and a great deal from BMWFS. Go drive the car...see how it speaks to you and go from there.
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'22 BMW M4 Comp (SSG/Black)
'16 BMW M4 (Shakir Orange/Black) - gone not forgotten
'15 BMW M3 (Black/Black) - gone not forgotten
'10 BMW X5M (Black/Black) - gone not forgotten
'08 BMW M3 (Space Gray/Black) - gone not forgotten
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