Most of the more exciting music I have heard this year has been live rather than on record but off the top of my head
Rush and Marillion made brave and flawed efforts to keep the tattered old Prog flag flying
Bill Nelson's latest outing "Gleaming Without Lights" is gorgeous
the Damo Suzuki / Mars Volta collaboration is out on the edge and points to interesting futures beyond what is expected of them
That said I am still waiting for someone to put something out that really knocks my socks off in 2007. Still, many many months to go yet and the cold seasons tend to be more fruitful for great records.