The National Institute of Standards and Technology has published its 2008 Machine Translation Evaluation Results. From their website:
The NIST 2008 Machine Translation Evaluation (MT-08) is part of an ongoing series of evaluations of human language translation technology. NIST conducts these evaluations in order to support machine translation (MT) research and help advance the state-of-the-art in machine translation technology. These evaluations provide an important contribution to the direction of research efforts and the calibration of technical capabilities. The evaluation was administered as outlined in the official MT-08 evaluation plan.
Check out our research team's results in Chinese to English - very impressive. Congratulations, guys! Very well-deserved.
The MSR-MT team is looking to build on this exciting progress and bring this technology to you. Stay tuned!
(*edit to correct link - thanks for pointing it out!)