Display “!NEW” tag in a Content Query WebPart

1 - Add this line to the root style sheet element

<xsl:stylesheet xmlns:ddwrt="http://schemas.microsoft.com/WebParts/v2/DataView/runtime"

2 - Add this part below

<xsl:template name="TitleOnly" match="Row[@Style='TitleOnly']" mode="itemstyle">

<element match="Row[@Style='TitleWithNewImageOnly']" mode="itemstyle">
name="OuterTemplate.CallPresenceStatusIconTemplate"/>
title="{@LinkToolTip}">

Found this @ http://www.eggheadcafe.com/software/aspnet/29478745/how-to-display-new-tag.aspx