Waterfall, who is creative director of digital agency Poke, said: "Neville Brody's Research Studios has been crashing digital and graphical worlds together since the beginning, and it's fantastic that he has agreed to interpret the Annual this year."
Brody said: "Designing the D&AD Annual is a great honour, and, more than that, a great challenge."
The D&AD Annual 2008 will be published in September and will contain work selected by 300 leading creatives from across the industry who will judge entries to the D&AD Awards 2008 in April.
D&AD has extended the deadline for entries to the Awards to allow agencies and studios a final opportunity to enter. Work must arrive at D&AD by February 4.