Yup, its still around!! Gotta give props to the Kat! Hey, there's a reason is been around so long, so they're still doing something right I guess. Can't go wrong if ur looking for a do everything well sport-tourer!! I know Im quite happy with mine!
Suzuki has released the 2005 Katana model info on their press site, and the only major changes they announced from the 2004 models is that the headlight now switches off during starting to reduce the total battery load (should make for easier starting in colder weather or with older batteries).