I concur with Ex, there has been a lot of talk (including myself) on the conservative bent of the newly elected democrats.
The bottom line though is that the major democratic power brokers within the senate/house are heavily anti-gun (I'm talking about those that hold committee positions). Politics is about compromise and we have yet to see where these new blue dogs will fall on anti-gun legislation when put to the test. Furthermore I don't expect the sitting president or nearly any possible elected president in 2008 to veto an AWB style act.
Bush, Giuliani, Romney, Fiengold, Clinton, Obama, Edwards, and Gore either by their direct statements or voting records have shown a willingness to re-enact the AWB.
McCain is one exception to the rule...
What this means is that any anti-gun legislation will have to be stopped in Congress because a president will most likely not veto it.