I would think so since many of the developers have by now created an engine it should some what be quicker turn around on games.  Also most have by now extensive experience with the 360 and the PS3 is catching on.  Once UT3 comes out for the PS3 hopefully games that use that engine will run alot better since Epic would have optimized it for it.  We had alot of games this holiday but I expect 2008 will probably have even more.  Hopefully the quality will be as good if not better.

There is a lot of middleware and it's been around for quite a while.  The tools are improving for all platforms, so we should see slightly shorter turnaround times on development, but I don't think it will necessarily translate to "2008 better than 2007."

Here's to hoping, though.

Well I am also hoping future games look at the great games of this year to make their future games are as good if not better.

The turn around time will improve, but most PS3 and XBox 360 games take more than 2 years to complete ... so don't expect too much

I doub't it will take more than 2 years.  I say 2 years max.  Hell the last ghost recon was out in a couple of months.    Naughty Dog has already said they plan on using the same engine from drake on the next jax and I assume they will keep the same engine for drake 2 so shouldn't take more than 1 year.  What may slow it down is developers working on multiple games though that just means you will get at least 1 of their games each year kind of lime insomniac made resistance for 06 then ratchet for 07 and back to resistance in 08.  We can maybe expect the next ratchet in 09 or some other game. 

You do realize that the development teams of 100+ developers on the XBox 360/PS3 titles are made up of 80% artists, right?

It takes dozens of man-years to create all the graphical assets that are used in just one level of a game like Uncharted or Ratchet and Clank, and although the tools are constantly improving (and they will be able to reuse some assets from game to game) they're not magically going to move from a development team of 100 people working for 30 months to finishing a game in 9 months ...

i hope it turns out better then 07 because if it does then man it will be awesome because 07 was awesome

08 will be better because so much stuff from 07 was pushed back.

^thats what im thinking to alot of great 07 titles got delayed till 08