Waaay too much to tell and the three time zone difference has me zombied...but one word; Carbon.
This year everything and everbody is featuring carbon...even the old line Italian companies are offering carbon frames in a big way. The prices for all carbon frames are dropping and paint jobs, clear coats and finishes are looking much nicer as well. Also saw some very impressive factory paint jobs coming in '05 from Trek, Cannondale and Giant. As usual Colnago had some great looking (but pricey) offerings.
I had a chance to meet Hincapie, Hamilton, the Bostrom brothers (I'm a AMA Superbike fan) and numerous other celebrities. Brought home lots of swag but boy do my feet hurt.