Those are the 2003 numbers actully, 2005 list is
Here. Italy seems to have improved a little bit between them, at #42 though it's still not that impressive. Probably improved because a few media outlets finally got bold enough to actually critizise Berlusconi. Ahead of the US now though.
Also, nice to see 4 nordic countries in the top-1

Wonder how the whole mohammed 'crisis' will affect next year's position for Denmark though. Guess it could go either way depending on the preferences of whoever does the ratings.
[Edit]
An interesting comparison:
132 Palestinian Authority 42,50
...
137 United States of America (in Iraq) 48,50
Guess buying off the media, blowing up their hotels and shooting cameramen with tanks isn't good, hmm?