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All generations of M5's have been track worthy. However beginning with the F10, owners have preferred not to track it because of its very heavy weight, and unforgiving nature if a mistake is made because of this weight, but it is definitely suited for track use. After all, all M5's are designed for the track as well as the street. The heavy weight of the F10 and F90 mean that you will need to upgrade the brake pads if not running CCB's and you should upgrade brake fluid. The F90 has the advantage of AWD but is more unbalanced than an F10 with the F90 having a 55/45 distribution. However because of the AWD, the F90 will be able to perform miracles on any track, whether a tight technical one or one with long straights and fast corner entry speeds. But you will still be running through brake pads and tires at an abnormal rate due to the sheer weight of the F90, but a competent driver should have no problems destroying an M4 on the same track.
So to answer your question, yes I've tracked the M5 many times. Between my E60 and my F10 I've had a lot of fun on the race track. The F90 will be great fun too, just be prepared to spend a lot of brakes and tires, which a lot of people have to pay for anyway due to the nature of a racetrack.
The F90 Competition Package will also be a nice upgrade for those intending on tracking the F90. I've always found the body roll on stock M5's or M5's without the Comp Pack to be excessive.
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