I'm reading a couple of works:
Vellum by Hal Duncan which will be released in August - you may want to preorder this book, this is one of thr finest debut novels I have ever read thus far. For synopsis/cover I posted it at FBS Here
Don't miss this. This is a tremendous read.
The Sandman: Book of Dreams Edited by Neal Gaiman, which I'm bascially done with, a fine collection of writers in the Sandman setting including Gene Wolfe, Susanna Clarke, John. M Ford, Tad WIlliams, and a host of other top talents.
I'm also starting Dan Simmon's Olympos, the sequel to the one of the best books a couple years ago Ilium.
Also getting into Vernor Vinge's A Deepness in the the Sky
I'm about halfway throug Kazuo Ishiguro's The Unconsoled. Ishiguro is just a supremely talented writer, I recommend his latest effort, Never Let Me Go.