A full announcement of the 2008 IGF will be made in June. From the IGF's web site:

IGF Main Competition
- Open to all independent developers to submit games for PC, console digital download, and Web formats.
- Final submission date: Monday, October 1st, 2007.

IGF Student Competition
- Award for the best student games. Student 'mods' to existing games will be included this year. As a result, the number of Student Showcase winners will be increased slightly.
- Final submission date: Monday, October 15th, 2007.

Information about a new competition will also be revealed in due time. The IGF itself will take place alongside the earlier GDC 2008 at the Moscone Center in San Francisco - the awards will be the night of February 20th, 2008, and the IGF Pavilion will be open from February 20th-22nd, 2008.