2007_10_michelin.jpgThe Michelin Guide announced selections today for its third New York Edition, which officially goes on sale Wednesday.

The new edition features 565 restaurants (and 54 Manhattan hotels.) Of the eateries, 42 were awarded stars ranging from one to three; a mere 3 restaurants merited the highest 3-star rating (Jean Georges, Le Bernardin and Per Se), while 6 others made the 2-star cut. But star-gazing aside, the guide comes in handy for diners on a budget. The “Bib Gourmand” category includes 52 restaurants that serve a menu with two dishes and a glass of wine or dessert for $40 or less.

We were initially happy to see that Dressler, our local Williamsburg favorite, make the list, then saddened when it hit us that getting seated for brunch might now be a bit of a bitch. The other big news: Craft, Top Chef chef Tom Colicchio's joint, fell from the heavens as it was stripped of its only star and Picholine gained a star to two-star status.

At 7pm on Thursday the stars will be celebrated during a panel discussion at Borders in the Time Warner Center, which happens to be the home of three-star Per Se, two-star Masa and one-star Cafe Gray. Panelists include Jean-Luc Naret, director of the Michelin Guide; Jay Cheshes, former restaurant critic at Gourmet; and celebrity food-blogger Danyelle Freeman, recently made restaurant critic at New York Daily News.

Savor the full array of stars after the jump.

2008 Michelin Guide to New York City

Three Stars
Jean Georges
Le Bernardin
Per Se

Two Stars
Bouley
Daniel
Del Posto
Gordon Ramsay at The London
Masa
Picholine

One Star
Annisa
Anthos
Aureole
A Voce
Babbo
Blue Hill
Café Boulud
Café Gray
Country
Cru
Danube
Dévi
Dressler
Etats-Unis
Fleur de Sel
Gilt
Gotham Bar & Grill
Gramercy Tavern
Jewel Bako
JoJo
Kurumazushi
L'Atelier de Joel Robuchon
Modern (The)
Oceana Manhattan
Perry Street
Peter Luger
Saul
Spotted Pig
Sushi of Gari
Veritas
Vong
Wallsé
wd~50