Well, I got some sort of answer on another nissan forum.
Looks like this is normal to have this extra cable. I found another person that had an identical car and it turns out he has the cable too. It's just not dangling down. Apparently the grey tape is supposed to hold it up against another wire bundle.
My best guess is that this is for the XM unit in the non-nav versions. With the nav it must be in the head unit.
I'll just use a wire tie and put it back in it's place and not give it another thought.
Below is his car showing the same cable.