Matthew Stevens defeated Stephen Hendry by nine frames to seven (9–7) in the final.
Alan McManus made the highest break with 140.
The top 16 ranked players were invited, Paul Hunter and Stephen Lee did not participate.
They were replaced by Ali Carter and 2005 World Champion Shaun Murphy.
Northern Ireland players Mark Allen and Joe Swail were invited as wildcards along with Ding Junhui and Neil Robertson.