'As Time Goes By' the second of the songbook series hit number 2 on the US charts but only made it to number 4 in his home country, the UK. but made number 1 in the 'red maple', Canada. The duet with Cher, "Bewitched Bothered and Bewildered", went top 20 on the US adult contemporary charts and top 5 in Taiwan which I think was the combination of both talented artists. . "Time After Time" was another top 30 track on the US charts.
In 2003, many of Rod's songs were featured in a musical, written and directed by Ben Elton, which opened on 7 November at the London's Victoria Palace theatre. Mr. Elton had previously created a similar production, We Will Rock You, with music by Queen.
In 2004, Rod again reunited with Ron Wood for concerts of The Faces material. As a result the compilation, 'Changing Face', its outcome, reached the top 20 of the UK album charts. The box set, 'Five Guys Walk Into A Bar' hit the shops and was widely regarded as a "must have" in Rock & Roll history. Together with Ron Wood he is still working on the album You Sing I'll Strut.
In late 2004, yet another volume of The Great American Songbook (Volume III), Stardust, was released. This was Rod's first US number one album in a quarter of a decode, again. It sold over 200,000 albums in its first week, hit number 1 in Canada, number 3 in the UK and went on to top the Australian charts to boot. His version of Louis Armstrong's "What a Wonderful World", featuring Stevie Wonder hit the top 20 of the global and awarded Rod his first ever Grammy Award for this album.
''Thanks For The Memory, (you guessed it - another songbook, volume IV!) which was released in September 2005 included duets with Dianna Ross and even Elton John. Within weeks of its release the CD hit number 2 on the top 200 list! . Named Thanks For The Memory...The Great American Songbook IV, it included duets with Diana Ross and Elton John. Within weeks of its release, the CD made it to number 2 on the top 200 list.