Not really new, but I found China Miéville's Perdido Street Station really good. It's a mix of steampunk, fantasy and horror, and Miéville is a magician with words. He also looks at the motivations of all the actors, good and bad (and human, non-human).
I've read a good few of Miéville's novels - I found Perdido Street Station to be the weakest in terms of prose though I guess that could be cause it was only his second novel, or it deliberately homages Lovecraft (whose prose I'm not keen on either) in its style.
Still a wonderful book though.
This is the monthly thread for posting media of various types that you've found that you enjoy. I find that exposure to LW ideas makes me less likely to enjoy some entertainment media that is otherwise quite popular, and finding media recommended by LWers is a good way to mitigate this. Post what you're reading, listening to, watching, and your opinion of it. Post recommendations to blogs. Post whatever media you feel like discussing! To see previous recommendations, check out the older threads.
Rules: