FINALLY beat Okami a few weeks ago...52 freakin' hours. Well worth it -- I think every gamer should experience it, if you have a significant chunk of time you're willing to invest into it.
Right now I am playing:
Odin Sphere (PS2) - gorgeous and challenging. Now I wanna pick up Princess Crown, but as if it wasn't already pricey enough, I bet it's going to skyrocket as OS catches on.
Senko no Ronde (360) - Fun, unusual shooter/mech fighter by G.Rev, makers of Border Down. I refuse to refer to it by its American slave name of "Wartech" with its crap logo and crap cover art -- I think it's time to do another kustom package design!

(Either that, or find someone with the Japanese version who can send me a hi-res scan of the cover insert.) Beyond that though, it's a very Japanese game with its anime characters and subtitled voice acting and all, definitely an anomaly on the US 360 market. Gotta support the shmups!!
Taito Legends 2 (PS2) - You can't argue with getting 39 games for 20 bones, esp. when it contains Elevator Action Returns, the Saturn version of which goes for $40-50 used by itself. Plus G.Darius and RayStorm, which if you didn't have for the PS1 now's your chance, not to mention Majestic Twelve, KiKiKaiKai, Gekirindan...great collection, although there are some titles like Front Line and Qix which really should have been on the first volume. This one features mostly later '80s and '90s titles though, so you definitely get a ton of play time for the money!
And the last several games I picked up also included Virtua Quest, Castlevania Curse of Darkness, Inuyasha RPG, Capcom Fighting Evolution, Ar Tonelico (all PS2), Godzilla: Save the Earth (Xbox)...so I should be set for the summer
