For this entire season, the show won the 2005 TCA (Television Critics Association) Award for "Outstanding Achievement in Comedy", and, it was nominated for the:
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2005 Emmy Award for "Outstanding Comedy Series" and "Oustanding Casting for a Comedy Series".
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2005 Teen Choice Award for "Choice V-Cast".
-2005 TCA (Television Critics Association) Award for "Program of the Year".
Plus,
Jason Bateman ("Michael") won the 2005 Satellite Award for "Outstanding Actor in a Series, Comedy or Musical", and was nominated for the 2005 TCA (Television Critics Association) Award for "Individual Achievement in Comedy".