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Palmieri continues to be actively involved with music. He formed a new band, La Perfecta II, with whom he recorded the CD Ritmo Caliente (Hot Rhythm). On April 30, 2005, "Mi Día Bonito", a tribute to Eddie Palmieri celebrating his 50 years in the world of music, took place at the Rubén Rodríguez Coliseum in Bayamón, Puerto Rico. The event included the participation of Lalo Rodriguez, Ismael Quintana, Cheo Feliciano, La India, Hermán Olivera, Jerry Medina, Luis Vergara and Wichy Camacho.
In November and December 2005, Palmieri teamed up with longtime trumpeter and band member Brian Lynch to record the Artistshare CD release The Brian Lynch/Eddie Palmieri Project: Simpático. This CD and accompanying multimedia web site features music by an all-star roster of jazz and Latin jazz artists, including Phil Woods, Lila Downs, Donald Harrison, Conrad Herwig, Giovanni Hidalgo, Gregory Tardy, Mario Rivera, Boris Kozlov, Rubén Rodríguez, Luques Curtis, Robby Ameen, Dafnis Prieto, Pedro Martinez, Johnny Rivero, Edsel Gomez, Yosvany Terry. In 2007, the recording was awarded a Grammy as the best Latin Jazz Recording.
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