Activision's Call of Duty 4: Modern Warfare was selected as 2007's Game of the Year at the 11th annual Interactive Achievement Awards, reports.

The awards, hosted by actor/comedian Jay Mohr and presented at the 2008 D.I.C.E. Summit in Las Vegas, are voted upon by members of the Academy of Interactive Arts and Sciences.

This year, the Academy presented Ken Kutaragi, creator of the PlayStation, with its Lifetime Achievement Award.

"Ken Kutaragi is the smartest guy in the history of the videogame business," said Trip Hawkins, founder of EA and himself an AIAS Hall of Fame member.

"Without Ken, there is no Sony PlayStation and that is beyond comprehension."

Blizzard co-founder and CEO Mike Morhaime was also honoured as the newest AIAS Hall of Fame Member.

Call of Duty 4, Bioshock, The Orange Box, Rock Band and Assassin's Creed led the nominees. Although Bioshock won the most awards, it was edged out by Call of Duty 4 in both the Console Game of the Year and Overall Game of the Year categories.

The complete list of award winners is as follows:

Handheld Game of the Year:
Legend of Zelda: Phantom Hourglass

Family Game of the Year:
Rock Band

Outstanding Achievement in Animation:
Assassin's Creed

Outstanding Achievement in Art Direction:

Outstanding Achievement in Visual Engineering:

Outstanding Achievement in Character Performance:
The Orange Box: Portal

Outstanding Achievement in Story Development:

Outstanding Achievement in Gameplay Engineering:
The Orange Box: Portal

Outstanding Achievement in Online Gameplay:
Call of Duty 4: Modern Warfare

Downloadable Game of the Year:
Puzzle Quest: Challenge of the Warlords

Outstanding Achievement in Music Composition:

Outstanding Achievement in Soundtrack:
Rock Band

Outstanding Achievement in Sound Design:

Cellular Game of the Year:

Role-Playing Game of the Year:
Mass Effect

Racing Game of the Year:

Outstanding Achievement in Game Design:
The Orange Box: Portal

Outstanding Innovation in Gaming:
Rock Band

Adventure Game of the Year:
Super Mario Galaxy

Sports Game of the Year:

Strategy/Simulation Game of the Year:
Command and Conquer 3: Tiberium Wars

Action Game of the Year:
Call of Duty 4: Modern Warfare

Massively Multiplayer Game of the Year:
World of Warcraft: The Burning Crusade

Computer Game of the Year:
The Orange Box

Console Game of the Year:
Call of Duty 4: Modern Warfare

Overall Game of the Year:
Call of Duty 4: Modern Warfare

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