Pickups are like women....it's all about taste and previous experience.
I've had or driven all of the Big 3 in the last few years: owned 3 Dodges ('00, '02, '04) and now have an '06 Ford.
I was not a Ford man by any means (had an '89 model that was a mechanical black hole) but when my GF bought hers last year it really impressed me.....to the point I had to have one myself

It is the nicest, most comfortable vehicle I've ever owned. It has the 4.6l, but, in all honesty it does a nice job hauling around the 5600+lb crewcab and mileage is okay. On our recent trip to New Mexico it got around 18mpg (on fresh oil, filters, proper tire pressure) and we were on some of the 75-80mph highways in west Texas a good deal of the time so I was pretty happy with that.
The Dodges were all very satisfactory and the Hemi in my '04 was a nice motor. I had the smaller 4.7l as well but it did leave just a little to be desired. But, I spent exactly $.00 in 8 years of owning Dodges on any repairs other than routine maintenance so I figure that's as good as it gets and I'd own another Dodge anytime.
My dad has had a couple of recent model Chevy 1500s w/5.3l but he doesn't like them as much as the old 350 which was a supreme motor. I have driven his a few times and it doesn't seem to have quite the same gumption as the Hemi or the older Vortec 350. But, no doubt that they are wonderful driving vehicles.
And here's where the "taste" part really comes to play:
"I'll bet the 2007 Silverado/Sierra will be even better, a evolution of a great pickup, with wholly unnecessary but welcome engine improvements..."
Woooofff.....Man, I have to say that GM did a real number with their newest model. I thought the Tundra was stretching the boundaries of truck styling until the new GMs came out and I stood corrected. Overdone, odd fender flares....a sagging, "stupid grin" looking front end that just looks wrong, and weird overhanging fender wells that make it look like someone forgot to move a decimal point somewhere. Yeesh, the GMCs look a little better and the Suburbans/Tahoes look real good..........but the Silvys are a rolling assault to the visual senses that I simply can't fathom any reason for. Did GM think "ugly means tough" and thus set out to make the ugliest pickup on the American highway? Hey, under the sheetmetal they may be a fine mechanical example, but, ugh....