Is there going to be a new version of counter strike coming out in 2007

No, there is no new version, that's a lie, 1.7 I take it like the "ProMod" but no more than that, is like a Patch for CS:1.6 which improve textures and fix some bugs.
Counter-Strike:Source is the lastest version.
Counter strike 1.8 is CURRENTLY the latest...