Without going into too much detail--as in, no detail at all--Robert Bowling of Infinity Ward commented about the Modern Warfare 3 killstreak system via the internet's most trusted news source, Twitter.
"We changed the entire way the Killsteak system works. I can't go into detail yet, but I will share when I can."
Personally, I think Black Ops got it right when it came to killstreaks, but that's just me. How can the killstreaks be changed for Modern Warfare 3? Perhaps, only one killstreak per class? I dunno, I'm just guessing...