Nice topic OP. Got me really thinking about the games I love and then researching when they actually came out.
I'm doing release dates based on when they were out in the UK, and in WipEout's case it's when the Fury expansion came out. I'd also add that I'm still playing new games all the time from each of these years, so the list is only going to grow with time.
My winner of 2012 so far is Starhawk, but it's definitely early days yet - I've got a long list of games I'm looking forward to buying this year, so it's likely to change!
(Some of these lists feel damn unfair since there's no competition, while others have a whole heap of amazing games that year!)
2011: LittleBigPlanet 2 (Special Mention: Infamous 2, Motorstorm Apocalypse)
2010: Super Mario Galaxy 2 (Special Mention: Modnation Racers, Call of Duty: Black Ops)
2009: WipEout HD Fury (Special Mention: Ratchet & Clank: A Crack in Time, Infamous, Uncharted 2, Left 4 Dead 2)
2008: LittleBigPlanet (Special Mention: Metal Gear Solid 4, Motorstorm Pacific Rift, Resistance 2, Mario Kart Wii, Red Alert 3)
2007: Team Fortress 2 (Special Mention: Super Mario Galaxy, Ridge Racer 7)
2006: Wild ARMs 4 (Special Mention: Ape Escape 3)
2005: Metal Gear Solid 3 (Special Mention: Star Wars Battlefront 2, Timesplitters Future Perfect)
2004: Jak 3 (Special Mention: Animal Crossing, Pikmin 2, Ratchet and Clank: Up your Arsenal)
2003: SSX 3 (Special Mention: Ape Escape 2, Jak 2, Summoner 2, Gregory Horror Show, Wild ARMs 3)
2002: Timesplitters 2 (Special Mention: Pikmin, Super Smash Bros. Melee)