Nearing Summerslam 05. The year of 2004 brought many changes to the world of World Wrestling Entertainment. Good ol' Vinny Mac sold off the company. Shane is currently running the new primary developmental company MLW, and Stephanie has a women's only promotion that is acting as a feeder system to try to put women's wrestling on the map in the US.
Shawn Michaels won the World championship from HHH at Rumble 04, dropping it to Christian at Wrestlemania 20. Christian held it for almost all of 2004 before he dropped it to Booker T at Survivor Series. He's still champion almost a year later, currently feuding with Kane.
HHH and The Rock feuded much throughout the Mania season, going into King of the Ring where after a brutal Last Man Standing match, they showed each other respect and were both assaulted by Evolution, effectively kicking HHH out of the group and handing the reigns over to Randy Orton as Mark Henry and Mark Jindrak joined the group. This culminated in a War Games match at Survivor Series 2004, though The Rock was filming a movie so he missed it.
Rene Dupree is the prodigy of the red brand, looking at a 3rd IC championship run after a long feud with Mick Foley.
Jindrak and Henry have been the chief operators of the Tag scene alongside the Dudleys on Raw as well.
The Women's championship has had it's rounds. Since the save began, Trish Stratus has held it twice, Jazz twice, Molly Holly twice, Stacy Keibler 4 times (who I cheated and upped the stats of), and Lita 3 times.
Over on the Blue brand,
Chris Benoit held the WWE championship from the Royal Rumble 2004 to the Great American Bash 2005, where he dropped it to best friend Eddie Guerrero, the two have not stopped fighting since.
Lance Storm is in his second US Championship run, currently running and hiding from The Undertaker with Dawn Marie at his side.
The WWE Tag Team Championship has seen some jumping around. The Self Proclaimed World's Greatest Tag Team mainly feuding with AMW over the strap, with a surprise inclusion of a run from Rey Mysterio and Bryan Danielson.
The Cruiserweight Championship has been held by seven different wrestlers since January 04, including 2 runs from Ultimo Dragon, and 3 from Tajiri.