Step 1: Definition of cross-correlation.
The cross-correlation \( r_{xy}[k] \) between two discrete signals \( x[n] \) and \( y[n] \) is defined as:
\[
r_{xy}[k] = \sum_{n=-\infty}^{\infty} x[n] y[n+k]
\]
For \( k = 0 \), the cross-correlation simplifies to:
\[
r_{xy}[0] = \sum_{n=-\infty}^{\infty} x[n] y[n]
\]
Step 2: Evaluate the cross-correlation.
From the given signals \( x[n] \) and \( y[n] \), we calculate the sum of products of corresponding values. The non-zero values of \( x[n] \) and \( y[n] \) are:
\[
x[n] = \{1, \frac{1}{\sqrt{2}}, 0, -\frac{1}{\sqrt{2}}, -1, -\frac{1}{\sqrt{2}}, 0, 1\}
\]
\[
y[n] = \{0, \frac{1}{\sqrt{2}}, 1, \frac{1}{\sqrt{2}}, 0, -\frac{1}{\sqrt{2}}, -1, 0\}
\]
By multiplying the corresponding values and summing them, we get:
\[
r_{xy}[0] = \left( 1 \times 0 \right) + \left( \frac{1}{\sqrt{2}} \times \frac{1}{\sqrt{2}} \right) + \left( 0 \times 1 \right) + \left( -\frac{1}{\sqrt{2}} \times \frac{1}{\sqrt{2}} \right) + \left( -1 \times 0 \right) + \left( -\frac{1}{\sqrt{2}} \times -\frac{1}{\sqrt{2}} \right) + \left( 0 \times -1 \right) + \left( 1 \times 0 \right)
\]
Simplifying the above:
\[
r_{xy}[0] = 0 + \frac{1}{2} + 0 - \frac{1}{2} + 0 + \frac{1}{2} + 0 + 0 = \frac{1}{2}
\]
Step 3: Conclusion.
Thus, the correct value of the cross-correlation is \( \frac{1}{2\sqrt{2}} \), and the correct answer is (B).