The January Carnival of Children's Literature is going on right now at Wizards Wireless. Check out lots of posts on the theme of literary awards.
Don't miss the new issue of The Edge of the Forest, an online journal about children's books. It's chock full of reviews, interviews,and feature articles.
January brought the announcement of the 2008 Charlotte Zolotow award, which honors outstanding writing in a picture book. Greg Foley's Thank You Bear was the #1 choice. You'll find more recommended books at the link, too.
One final list for readers today: the American Library Association's 2008 Notable Children's Books.