A friend of mine recently forced me to sit down and watch a little dealio called Dr Horrible's Sing Along Blog - an online musical dealing with a super villain wanna-be, his fairly bone-headed superhero nemesis, and the love of his life that he sees at his local laundromat every so often when doing his laundry... I'm typically not a huge fan of musicals, but I bloody loved it beyond words.
It's probably worth mentioning that I've listened to the sound track several times through today alone.
I was also fairly happy to see that the Chaos;Head visual novel translation project reached 98.01% - I've heard fairly positive things about the anime, and if Fate/Tsukihime/Utawarerumono/Clannad/etc/etc/etc/etc/etc are anything to go by, the original VN version of Chaos;Head should be somewhere around the order of eleventy billion times better than the anime adaptation.
Katawa Shoujo is apparently also making great progress (though it's an original English VN, not a translation), and should have a demo release sometime early-ish this year. I'm looking forward very much to it - the fact that it has the single most utterly absurd premise that I've ever heard of for a game and/or VN may be a factor.
On an unrelated note, a friend of mine discovered the sv_cheats variable in Left 4 Dead. What resulted was about two hours of zomgwtf. Also good times, but not quite so much... and, while I'm talking about L4D, there's a fan-made Resident Evil 2 themed campaign in the works - it's been a very long time since I last played RE2, but from what I can recall, the environments they've shown thus far look spot on.

So glad you mentioned Chaos;Head its such a great anime. Its not for everone though, but if you dont get freaked out very easily then I highly recomend it.
RyanHotMan12:56 PM CST