1. Wugazi - Wugazi
The Doomtree crew created not only the only mashup album I've ever liked, but really one of the most beautiful, brilliant albums I've heard in a long time. Even the name works. (Also worth noting: Doomtree's album was pretty great, too.)
2. Touche Amore - Parting The Sea Between Brightness And Me
This is one of those bands that just blows you away both live and recorded. So much sincerity.
3. The World/Inferno Friendship Society - The Anarchy And The Ecstasy
On the one hand, these guys just refuse to mess up. This album has two of my favorite of their songs ever, if not my favorite, in Canonize Philip K. Dick, OK? and 13 Years Without Peter King. But on the other hand, they just can't get it together to make a perfect record -- the rerecorded songs are not up to the originals.
4. Madeline - Black Velvet