To me CATIA V5 is not just any good but superb, I've used Catia since early 1983 when it was V1. In those days it was only in Black and White and driven with a light pen on the screen and it was terrific then, as I had been using IBM Cadam Mesh as a coarse 3D modeller up to then.
The first big change was when a handful of basic colours became available and the light pen went, along with the massive Function keyboard and gradually it got even better. The puck and tablet went and the mouse arrived but by the time it was V4 it had become a mess and needed tidying up and a fresh start.
So the jump to V5 was a big one and I've used it now for four years. The thought of going back would be awful, to me. To handle V5 properly don't keep comparing it to V4, forget all that, go forward. During the Eighties and Nineties I trained many people on Catia, to use Surfaces, Solids, Kinematics etc. and I used to tell them to put any previous working practices behind them, whether it was some other system or even a drawing board.
I can't say anything about Drafting on Catia because I have only ever used it as a modeller, all my Catia work has been in Aerospace and Automotive places and Drafters would pick up the models and do the detail drawings, BOMs etc.
Don't be a Loser, wallowing in V4 mire. V5 has been well described by others here, just get into it and before you know it your conversion will be complete.
But I have to be honest, I didn't forget my drawing board, I took it home many years ago and still use it occasionally.