It might not be around as a full-fledged baseball set this year, but it looks like the Upper Deck Masterpieces line isn't gone entirely. The beautiful piece of artwork shown above is an insert that'll be found in 2009-10 Upper Deck Basketball.
The early checklist shows a total of 35 cards in the set, although I couldn't dig up the insertion rates. I haven't picked up any basketball cards since Kobe was considered a youngster and the Grizzlies were still in Vancouver. That will likely change once these are released. 2009-10 Upper Deck Basketball is scheduled to hit shelves in September.
And, yes, I was under the impression 2008-09 was it for Upper Deck and basketball too.