All in all, a very positive review of Delphi 2005. I've been pretty happy with how things have been working here, too. Although, to be fair, I'm not using it as my primary IDE right now. Basically, I've upgraded custom components, compiled smaller utilities, etc. in preparation for the migration of the entire team to go to Delphi 2005. We can't even begin to think about that, though, until DevExpress provides D2005 versions of their libraries.
Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.