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Time to trade pickups
Frank, lots of good advice here already, but for my $0.02 worth.
Not only are you going to take a bath on the trade-in of your existing truck, but if & when you come to get rid of the (about to be) new truck you'll take it on the chin (wallet?) again.
I was in the same predicament this past year myself, my dually has been a great truck, and almost trouble-free, but it's now 9 years old (a 1999) and 300k km (180k miles) on the clock. Added to that a new gal who doesn't mind riding in the truck, but isn't real keen on wheeling it around herself, although there is ample room for groceries in it. 
I have always had a second vehicle as a daily driver for myself, so I just added another one to the 'fleet' for her to drive. With the big truck parked most of the time it will last a long time still now.
In your case adding a mid-sized sedan or a mini-van (they're nearly giving them away now) might be a bunch cheaper in the long run. If you count the reduced gas costs, plus not taking the hit on the trade-in, you might end up with a nearly free vehicle.
Best of luck.
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Time to trade pickups
Frank
Keep the old truck AND buy the new one! Just get the new one with the 4.8 and in the 1500 model. Your fuel economy woint bee too far off the rest of the world (unless your in a smallish car). Hell yea! Keep em both! Someday you will be glad cause ya know there,,, we wont be making any trucks anymore when the fuel gets to 5 bucks a gallon!
You drive the big one and let momma drive the little one!
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Time to trade pickups
Frank, if now is a terrible time to trade in a pickup, then it must be a great time to BUY a used pickup. kt
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Time to trade pickups
Murf,
Yyour ideas are sound ones, but the real world is that the Mrs. and I are both handicapped to the extent that entry and exit from any domestic sedan we tried was difficult at best, the flat floor of a pickup or SUV are SOOO much easier for us to get in and out.
We had an 02 Chevy Venture for a family car that the Mrs. really liked with an nice flat floor, their automatic, (when it worked) rear wheel assist, but the engine bit the big one to the extent that repair was just not an economic optiion so the search for another 4 WD mini-van was on.
We really do need the 4 WD, steep north slope drive, ICE, ICE, ICE. At that time (Jan 07) no body built a domestic 4 WD mini-van, so we bought an 07 Chevy Trailblazer 4 WD. It has an nice flat floor entry, kinda big enough for me, handles nice, so-so mileage, but the little Mrs. loves it, so end of that story.
Now the pickup thing, we test drove the Silverado four door and then a Colorado four door. As someone else here mentioned, we are just plain spoiled by having the nice big roomy pickups and full size SUV's, the Colorado was a nice little pickup, but kinda scrunchy for a robust fellow like me.
You mentioned your gal not being comfortable wheeling your big dually around the supermarket parking lot, same here, the Mrs. just isn't comfortable with driving a full size anything, but I am , so there you go. The underlying message I'm getting for the dealer is that he wants my pickup worse than I want his. In todays times I think a year old low dollar pickup would be lots easier for him to sell than the big high dollar four door.
We're just going put this idea to bed for a while. Thanks all for the replies. frank.
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