The San Miguel Beermen won its 17th PBA title with a 4-1 series victory over the Talk 'N Text Phone Pals in the finals. The league finally allowed Asi Taulava to play in the series (who was indefinitely suspensed) but still lost to the veteran-laided Beermen. The Shell Turbo Chargers won third place over Red Bull Barako in a one-game playoff, the last appearance of the Turbo Chargers in the league, as it filed for a leave of absence in August 2005, eventually selling the rights to Welcoat.
The #3 vs. #10 and the #4 vs. #9 matchups are in the "twice-to-beat" format; the team with the higher seed only needs to win once to advance, but needs to be beaten twice in order to be eliminated. The other two matchups are a best-of-three series.