The 2005 Ranger XL 2WD Reg Cab with the 2.3L EFI 4 cylinder engine is a fun and reasonably priced package. While I'd like a little better acceleration, I find what it delivers adequate. I have the 5-speed automatic O/D transmission and it's very smooth. The A/C works very well (important in Florida) and cools the cab quickly even on hot days. The dash and instrument panels are laid out well and all the controls are easy to reach.
I really like the highback seats. I also like design of the raised power dome hood and black nostril bar grille.
I'd like to see a more powerful standard engine. I'd also like to see A/C and automatic transmission as standard features. The introduction of a four-door "crew cab" (already available in Mexico) would be a nice step towards competing with the update Dodge Dakota.