If you're talking about the noise it makes when you're idleing around at parkling lot speeds, then yes, mine makes more noise than my '01 did. I don't think it's the transmission though, I think it's the transfer case. Crawl underneath and wiggle the driveshaft backand forth. There's a sound that comes from the t-case that sounds like a slowed down version of what I hear when the trucks slowly moving. I don't think it's a problem, but it's definently more noticeable-due in part to a much quieter engine.
I think this 04. 5 has a 271 t-case wheras the '01 had a 241--I think. Just more stuff there to make noise.