You know what. My bad. I was thinking iPhone/iPod. You won't be able to plug your phone into it and play the music. You should have it in your glovebox though. Guys on here with 05's have it. It will play an iPod.
You can copy playlists to a USB and download that to your hard drive. But it takes a long time and the navigation of the music is utterly useless unless you want to just play all.
Using an iPod is better as you can edit a playlist and pick them. But, really it's not great.