Some of my 2011 favourites:
Cold War Kids - Mine is Yours
the Cubical - It ain't human (now this is one hell of a raw blues album)

But there's one album which particularly caught my interest:
the Amazing - Gentle Stream
(The Amazing -Gentle Stream.wmv - YouTube)

Arguably the worst bandname ever, but this Swedish psychedelic/rock/indie formation's latest is so beautifully orchestrated, it's nothing short of amazing. It's subtle, but epic at the same time and instrumental orchestrations on song's endings do make the entire album actually flow like a gentle stream. I recommend this underdog to anyone who's into Band of Horses, Pink Floyd, Fleet Foxes and the like.