This report was the first to be prepared by the UCLA-based team of co-editors that took over leadership of the Review in July 2007 from Lee Sigelman, who had edited it for the previous six years. Here we report on the journal's operations during the year from July 1, 2007, to June 30, 2008, including both decisions made during the early months by Lee, as he closed up shop, and those made by the new team. Because revisions often take authors many months to complete, the time span between original submission and final acceptance of an article can be long. As a result, the issues of the journal published between mid-2007 and mid-2008 owe at least as much to Lee as they do to us—indeed, of the articles accepted during those 12 months, 83% either had been accepted by Lee or came to us as revised versions of papers he had initially handled, almost all of which we accepted. So our first task is to acknowledge the extremely important contribution Lee made to the publication in this transitional year, even as he was beginning a well-deserved rest. We are grateful to Lee for all his help, and our respect for his management skills only increases with time.