Features:

'Constant Gameplay' means that the front end does not 'grey-out', therefore allowing you to access all screens as the simulation processes.
Player attribute scores out of 20 or 100 for more fine tuning.
View target players' individual performances in matches with 'Playercam'.
More realistic transfer negotiations take into account other factors than just fees or wages offered.
New training 'Create Schedule' wizard to automatically generate more complex training plans for you.
More default tactical formations.
Greater customisation of formations on the tactics board - place your players anywhere on the pitch by dragging and arranging to your preferred shape.
Moving players around changes their position in-line with their role.
Instruct players to play feeds as well as make runs.
More player / team instruction options including time-wasting and ruffing up.
Tilted pitch adds ball height perspective.
More match speed options in the match engine.
View performance stats for home and away sides in real-time whilst watching the match.
Highlight individual players.
Increased number of Action Zones (9) provide more information on where the game is being played and which side is winning in each area.

Championship Manager 5