This past Friday significant progress was made in talks between MLB, NPB (Japan's professional league) and KBO (South Korea's professional league) that are aiming to set up a World Cup tournament to be played in 2006. Currently the aim is for a 16-country tournament to be hosted by MLB and the MLBPA. The three parties seem to have surmounted Japanese objections to a spring tournament (which was threatening to keep Japan out). The tournament is not yet finalized, but is tentatively being called the "Super World Cup".
It represents a great milestone for fans of global baseball.