... Paul Krugman, "for his analysis of trade patterns and location of economic activity"! One of the younger/est Econ Nobel prize winners (perhaps second youngest after Ken Arrow). The official announcement. Definitely deserved, though I would have thought he'd get the prize somewhat later and perhaps not alone. The political context clearly favoured him this year (always utterly opposed to the Bush administration(s) and to the Republicans in general :-)).
PS. Got my prediction wrong, but so did Thomson Reuters and a lot of other betting agencies :-).