Playing Muramasa: The Demon Blade on the wii (first wii game purchase in almost two years!). Definitely worth the wait. Absolutely beautiful art. Vanillasoft did Odin Sphere previous to this, and Muramas has a strong voice cast again. The gameplay is the real winner though. They took Odin Sphere, and added in proper techinical hack-and-slash playstyle. There's an easy mode, but the difficulty is a pleasant change from the average Wii game.
Straw hat wearing samurai can and will kill you in 3 hits at the beginning of the game. It is incredibly satisfying doing a 50+ hit combo on a ton of generic enemies and finishing them all off at once with an iaido attack.
Boss fight trailer
Also playing some Champions Online. I was a huge fan of City of Heroes, and while it takes a little getting used to the cell shaded graphics, the customization (character and powers) are reason enough for me to stick around for a good while. The server crashed yesterday, but it was only the 3 day of release, some growing pains are to be expected.