In 2003 Cork's players were vindicated in taking a stand as the team reached the Munster final for the first time in three years. Waterford provided the opposition on that occasion as one of hurling's modern rivalries began in earnest. An exciting game resulted between the two teams; however, victory went to Cork by 3-16 to 3-12. It was McCarthy's first Munster winners' medal in the senior grade and it gave a signal that Cork were back. Cork were hot favourites going into the subsequent All-Ireland semi-final against Wexford, however, it was far from a walkover. In one of the most exciting games of the championship both sides finished level: Cork 2-20, Wexford 3-17. Both sides met again six days later with Cork making no mistake and taking the spoils on a score line of 3-17 to 2-7. This win set up an All-Ireland final meeting with Kilkenny. In another thrilling game of hurling both teams were level for much of the game, exchanging tit-for-tat scores. A Setanta Ó hAilpín goal steadied the Cork ship, however, a Martin Comerford goal five minutes from the end settled the game as Kilkenny went on to win by 1-14 to 1-11.