Revival (2004–present)

Coached by Mike Ruddock, Wales won their first Six Nations Grand Slam in 2005. They opened with an 11–9 win over England at the Millennium Stadium, thanks to a late long range penalty from Gavin Henson. After a 38-8 win over Italy, Wales faced France, and were losing 15–6 at half-time. Wales fought back in the second half to win 24–18, and the game was arguably one of the most exciting of that year's tournament. Wales beat Scotland away (46–22) and then, in front of a capacity crowd at the Millennium Stadium, played their final game against Ireland. Wales' 32–20 victory gave them their first championship title since 1994 and their first Grand Slam since 1978. The 41–3 loss to the All Blacks at the Millennium Stadium later that year was their biggest loss on Welsh soil.This was followed by a single-point win over Fiji, then a loss to South Africa, and lastly a win over Australia.

On 14 February 2006, midway through the Six Nations, Mike Ruddock resigned as the head coach of Wales, for family reasons.^]Scott Johnson took over as caretaker coach for the remaining games, and Wales eventually finished fifth in the 2006 Championship before Gareth Jenkins was appointed as head coach on 27 April. On 10 May 2007, Wales and Australia decided to celebrate 100 years of Test rugby between the two countries with the establishment of the James Bevan Trophy. It is named after the Australian-born Welsh-raised man who was Welsh team's first captain; Australia won the series 2–0.

At the 2007 World Cup, Wales failed to reach the quarter-finals after being knocked out in the pool stages. This time, Fiji defeated Wales in their final pool match after they had already lost to Australia. Subsequently, Gareth Jenkins lost his job. On 8 October that year, the WRU and South African Rugby Union established the Prince William Trophy to commemorate 100 years of rugby between Wales and South Africa.

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