Queer Cinema

Brokeback Mountain
TransAmerica
Imagine Me & You
Rent
C.R.A.Z.Y.
Capote
Breakfast on Pluto

These are all films that deal with queer issues and are in theatres now. It's amazing how many well made films that deal with queer subject matter have been appearing at the cineplex. I've seen all of the above except for Capote and Breakfast on Pluto. I've heard great things about Philip Seymour Hoffman's performance in Capote.

I also saw a couple excellent gay-themed films on video recently:

Garcon Stupide (France/Switzerland)
Sommersturm (Germany)
Saving Face (USA)
Bishonen (Hong Kong)

All these films are highly recommended, especially Sommersturm.