I don't mind re-signing him. I would wait until mid-February, since nobody else is signing him. We could probably get him for cheaper on a one year deal. I also wouldn't mind just going in another direction via trade.
Papelbon's 2007 was better, though in less IP.
Paps: 1.85 ERA, 0.77 WHIP, 256 ERA+, 84 K, 15 BB in 58 1/3 IP
Foulke: 2.17 ERA, 0.94 WHIP, 225 ERA+, 79 K, 15 BB in 83 IP