Yep - discard that shit... purchase new hoses @ the firewall from BMW (or your favorite online vendor). All of the under intake BS on my 318ic was deleted by bmwpower when he rebuilt my M42 engine. We discarded that "recall" POS too and installed new hoses.
I'd really like to know how many real world failures there were - and out of those failures how many were from neglect or lack of proper maintenance. IMO, the BMW "recall fix" is very shoddy and just adds more possible failure & leakage points to the existing factory spaghetti hose mess under the intake...

That sure was a clean cut for those hoses that were bridged in the above pic huh - you should have seen the butchered hoses we removed from my 318ic that also had the "recall fix" in place (you would think that being corrected at a BMW Dealer there would have been better craftsmanship - but it was a total butch job, worse than you see in your example).
I have not read too many M42 threads online of heater cores just failing out of the blue and I don't see many folks even mentioning the M42 recall fix either. Many BMW Enthusiasts beat the piss out of their rides - BUT also maintain them to the highest degree... I think many folks (original owners) received the recall notice and just had the recall done due to not knowing any better OR thought it HAD to be done just because it was a recall sent out by BMW. If the vehicle is being maintained properly or preventive maintenance is performed, I really don't think this recall is really necessary at all.