Gaming:
Hardware innovation! - The 3DS hasn't really scratched my innovation itch, but both the Vita and the WiiU looks like they could shake things up nicely, not to mention the continued progress happening with Kinect.
New gaming experiences! - Innovation doesn't need to be hardware bound of course. Games like:
Guild Wars 2 - An everchanging world defined by its player's choices? A focus on cooperative play? Flexible professions and fluid combat? What's not to love?!
Journey - An amazing cooperative experience, that's all I can say from playing the beta! ^_^
are bringing innovation to the industry!
Continued awesome! - You don't need to shake things up completely to have a great game. In fact, games like:
Mass Effect 3 - Saving the universe has rarely been as exciting, and I love the conversation-system, the world, the characters, and the way you interact with everything and everyone. 
SSX - SSX Tricky was amazing, and the new SSX looks like it's taking the SSX Tricky recipe up to 11! It is going to be awesome!
BioShock Infinite - I wasn't a huge fan of the first game, but Infinite looks like it will be a great game!
are raising the bar! Do want! ^_^
Catching up! - So... yeah... I haven't played Batman: Arkham City, Child of Eden, Skyrim, Uncharted 3 and a bunch of other games... 2012 is going to legen-wait for it... 2011!
Movies:
The Dark Knight Rises
