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I am actually making the same decision. I plan on buying a 2007 if they will deal with me, which I heard they would. (I'm talking about ~$10k off MSRP or pretty close to invoice) I don't see any advantage to buying a 2008 at close to MSRP --it may hold its value better, but you are paying for that up front.
If I cannot get a 2007 with the right options or they won't bargain, then I plan to wait for the 2009. My guess is it will be out around March-April (but this is purely a guess --the Cayenne came out in March). With the body & possible engine changes, I will expect to pay very close to MSRP.
It really depends on how soon you need it.
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