This article reports that more than 90 participants from Europe, the U.S. and Japan gathered from April 27 to 29, 2005, in Berlin, Germany, to hold a lively international meeting on time-resolved soft X-ray science. The meeting continued the series of preceding workshops held in 2002 in Napa, California and in 2003 in Montreux, Switzerland. The aim of the workshop was to bring together the existing ultrafast laser community and the emerging ultrafast X-ray community in order lo discuss recent scientific highlights from both fields and to outline new directions for the application of ultrafast X-rays. In turn, it was hoped that this would help define the source characteristics of future ultrafast X-ray sources such as X-ray Free Electron Lasers.