on the cover is Zico and Shunsuke Nakamura

- New Stadiums : "Mestalla - FC Valencia" & "Riazor - Deportivo la Corugna".
- Kits of season 05/06 for Liga and Eredivisie.
- Real font (numbers & names) for licensed teams
- New kits for unlicensed teams
- Shirt outside the short
- new ball : Finale Orange
- different colour Wristbands (Ronaldinho pict)
- Finger tape (Rooney pict)
- Cycling under shorts (Cannavaro pict)

early review says slowdown is gone

here's the full PES5 licensed team list from PSM2
L = Licensed
N = NO Licensed

UK TEAMS (X 20)
Arsenal L
Chelsea L
Aston Villa N
W.Brom N
Everton N
C.Palace N
Newcastle N
Spurs N
Charlton N
Saints N
Norwich N
Birmingham N
Blackburn N
Fulham N
Portsmouth N
Liverpool N
M'boro N
Man U N
Man C N
Bolton N
------------------------
SERIE A (X20) ALL Licence
AC Milan L
Roma L
...

-----------------------
Primera Liga (x20) ALL Licence
Real Madrid L
Valencia L
Barcelona L
...

-----------------------
Eredivise (X18) ALL Licence
Ajax L
AZ L
PSV L
...

-----------------------
Bondesliga (X18) ALL Licence
Bayern Munich L
Stuttgart L
FC Schalke 04 L
...
-----------------------
INTERNATIONAL : (X57)
ENGLAND L
BRAZIL L
WALES L
SCOTLAND L
N IRELAND L
REP OF IRELAND L
FRANCE L
SPAIN L
ITALY L
HOLLAND L
JAPAN L
PORTUGAL L
CZECH REP L
ARGENTINA L
S. KOREA L
MEXICO L
NIGERIA L
CAMEROON L
THE REST 39 ARE N
-------------------------
OTHER (X22)
Celtic L
Rangers L
Galatasary L
Porto L
Dynamo Kiev L
THE REST 17 ARE N
-------------------------
Summary
international 57
england 20
german 18
french 20
serie a 20
eredivisie 18
spain 18
other league 22
TOTAL = 195
excluding classic teams