This document provides an overview of mobile industry trends in 2008 as identified by VisionMobile. Key trends discussed include: 1) The shift from mega-portals to more personalized "me-portals" on mobile devices. 2) The increasing importance of content communication and user-generated content over traditional content. 3) More developers are able to create applications and services for mobile as the internet increasingly reaches into phones through technologies like AJAX and web runtimes. 4) Competition is increasing among application execution environments like Flash Lite, Java, and web technologies.