AFAIK, yes. Nothing about the DVC participation in the dining plan has been changed, per member services on 8/6/07, and they're taking '08 bookings, so I'd think the "rules" are the same. The ONLY difference is that DVC now has access to the new Deluxe DDP.
But, as has been the case this past year, the OWNER will have to call and book the DDP for the renter through MS. And the renter will have to pay for it upon arrival.