I can't really say about the handsfree bluetooth addition (might be as simple as coding the radio + bluetooth mic? I know some newer radios have it built in, yours may or may not. Worst case might be a new radio? I'm sorta-kinda looking at a new radio with built in sat/hd for my 08 mainly due to the HD radio), but the best bluetooth streaming solution I have found is the Tune2Air WMA1000. It connects to the ipod y cable, and as far as the car is concerned, the ipod/iphone is physically connected to the car, when in reality its connected via bluetooth to the adapter.
Its easy to use, sounds decent (it is bluetooth after all), and has decent range. It also works with non-iphone devices, but I have not tested that.
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