One thing people failed to recognize last year was that the global hurricane output for 2006 was actually pretty close to normal, monster Atlantic season notwithstanding. The Eastern Pacific had a normal year for named systems and a slightly below-normal year for hurricanes, and that had been the case for a few years (paralleling the Atlantic's upswing). I can't find the wikipedia site that I saw this on the first time, but I believe the Atlantic and the South Pacific were the only basins to see above-average storm development, and the Western Pacific (which is almost always the most active area for hurricane/typhoon development) was down.
Last year had the right combination for explosive storm development -- already-warm waters that were a degree higher than normal in the Gulf, plus waters that ran warm deeper, which gives hurricanes a higher maximum intensity ability (that's why a Category 5 won't hit New York -- you need waters well above 85 degrees to sustain a storm of that magnitude, and in fact Camille is the furthest north a Cat 5 has ever been in the Atlantic). And the upper-level winds favored development.
This year was supposed to be bad, but in the early part of the season, tropical waves crossing the Atlantic were killed on sight by unusual amounts of dry air and dust from the Saharan deserts (you could see it on satellite images). If a disturbance developed further west, like in the Carribean or Gulf, it often got sheared by strong upper-level winds that, as it turned out, were the product of an unexpected El Nino starting up in the Pacific (warmer waters in the Pacific lead to a change in the wind patterns that make for big seasons in the Pacific and smaller ones in the Atlantic).
The best argument anyone can make about global warming vis-a-vis hurricanes is that the warmer waters allow storms to be stronger (90-degree water is more conducive for high-end development than 86-degree water). But last year's explosion in storms were probably an anomaly in a 30-year period of higher storm frequency (hurricane meterologists, regardless their stand on global warming's relationship with tropical cyclones, agree that development ebbs and flows in 30-year cycles, and they've been calling for a bad cycle to start for some time, one that kicked off in 1995 with an 18-storm season).
We're almost certainly safe this year, because the upper-wind patterns are even worse for hurricane development now than they were in August, and of course water temperatures are dropping to below-tenable levels except in the southern Gulf and the Carribean.