It's the exhaust side you really have to worry about, not the intake side...it's all for noise for the most part. Gotta love the blower whine though, it's quite a bit different than the M62.
If you plan on DD'ing the thing, just plan on a 3" catted downpipe...or catless if you can get away with it. Leave the catback alone...it's not restrictive. The factory front manifold, downpipe, and the u-bend are the parts that need to be addressed.