Not quite. The bottom of the grille either has to be as far forward as the top of the bumper (like the concept car), or it has to be a 90 degree angle to a horizontal top of the bumper. Also, the shark nose should continue over the tops of the headlights.
It's the area below the headlights/grill, but above the bumper, that do the most to make the front end an awkward design. But, the front edge of the hood and overall headlight shape play a roll, too. The hood probably should overhang the headlights for a full-width shark nose, as on the concept above, or the Vision concept...
Before I found out the Vision would be a $200k exotic, I was hoping that's what the new 1 series would look like.
BMW obviously has some good stylists- they're just doing design-by-committe for their mainstream cars.