Well, with day three the action finally got up to speed at Jerez, with the qualifying session to win a new BMW M Series Z4 .

Randy Mamola had picked Casey Stoner for the win, however, he only managed 6th fastest in the session and ultimately Casey left the event in an Ambulance with a big smash in the final session.

Third placed was Edwards, followed closely by Nicky Hayden. Danny Pedrosa claimed second place, 0.133seconds back from Valentino Rossi, with a new circuit record of 1'38.394, around 0.5seconds quicker than last years mark set by Capriossi on his 990cc Ducati.

1. Valentino Rossi ITA Factory Yamaha Team (M) 1min 38.394 secs
2. Dani Pedrosa SPA Repsol Honda Team (M) 1min 38.527 secs
3. Colin Edwards USA Factory Yamaha Team (M) 1min 39.300 secs
4. Nicky Hayden USA Repsol Honda Team (M) 1min 39.556 secs
5. Randy de Puniet FRA Kawasaki Racing Team (B) 1min 39.832 secs
6. Casey Stoner AUS Ducati Marlboro Team (B) 1min 39.873 secs
7. Loris Capirossi ITA Ducati Marlboro Team (B) 1min 39.887 secs
8. Chris Vermeulen AUS Rizla Suzuki MotoGP (B) 1min 40.043 secs
9. Kenny Roberts USA Team Roberts (M) 1min 40.083 secs
10. Carlos Checa SPA Honda LCR (M) 1min 40.100 secs