The ISMD 2005 conference reviewed and updated the theoretical and experimental understanding of multiparticle production in high energy collisions. About half of the papers discussed collisions of ultra-relativistic nuclei with recent results from RHIC. In addition, some intriguing results from HERA and Tevatron colliders were presented and future experiments were discussed as well. Following the ISMD conference, the Workshop on Particle Correlations and Femtoscopy was held for the first time. This new series of regular workshops presents a critical and thorough analysis of the latest results on particle interferometry in high energy heavy ion collisions. Thefocus on this rather narrow subject was stimulated by a wealth of new data arriving steadily from the RHIC and SPS experiments.