This new photo, taken by Greg Fung on 6th January shows that the excavations are still continuing. The tomb entrance visible on the hillside is KV8 as in Ian's earlier image but Greg has managed to capture a slightly better angle. There is no entranceway to a new tomb visible however.
The photo is linked to Greg's photostream so check there for a couple more images and higher resolution versions of this one. I've also added one by Claire. It was taken in early November 2008 and shows the central excavation. Comparing this to Ian Emery's pictures taken some six weeks later, shows how quickly work is proceeding this season.