"The next generation Mercedes-Benz CLK, currently “in works”, will be a lot more ostentatious, displaying a dynamic look with angular lines, refining the visual language of the new C-Class sedan. Official launch is expected for 2009, sales beginning later. With components from both C-Class and E-Class (to save costs), the 2009 CLK will compete with Audi A5, BMW 3-series, and Lexus SC..."
This is from a new review on the 2009 Mercedes CLK-Class from TopSpeed. It has info on the expected features of the new model line, as well as history and competitors it may have. Also available is a picture gallery.
Here's the whole review:
2009 Mercedes CLK-Class - Top Speed