My guess has been that the LCI wont impact the M5 immediately, especially since what weve read states minor changes to the m5.
As for allocations, not sure. I just got a production number and submitted dates for a March ED.
2001 e46 330ci, 2002 e46 M3, 2013 F10 M5 - GONE
2016 991.1 911 Carrera GTS
2016 F85 X5M - Carbon Black/Mugello Red