If your going a couple of years old, Dead Mans Shoes is just wow.

Hitler: Rise of Evil (Trailer: http://uk.youtube.com/watch?v=6Gsy4xs02Hs)
V for Vendetta (Trailer: http://uk.youtube.com/watch?v=8XKa8VE7ILI)
Schindler's List (Trailer: http://uk.youtube.com/watch?v=TAH3RTRlCHY)

EDIT: Kidulthood (Trailer: http://uk.youtube.com/watch?v=mdoKD4gTQ2c)

Das Leben der Anderen (The Lives of Others) - It's already from 2006, but I only watched it a few days ago for the first time.

I must say this drama is as brilliant as people said. Deserved the Oscar and all other awards it got. Best movie from Germany in years along with the bittersweet comedy Good Bye Lenin! from 2003. It's interesting that both movies deal with the last years/days of the GDR. The Lives of Others shows how the system worked behind the Iron Curtain. I have faith in my country's movie scene again (although it seems the only few movies they get straight are those about the country's history).

As you were asking for older movies as well. here are some movies I love and recently watched again:

La Nuit américaine (Day for Night) - Most charming movie ever made about movie making. François Truffaut, 1973

Eat Drink Man Woman - A hundred times lesser known even than his version of Hulk, but a hundred times better. Ang Lee, 1994

The French Lieutenant's Woman - Excellent plot, brilliant acting. Karel Reisz, 1981

Hana-Bi - Still Takeshi's best. Takeshi Kitano, 1997

Todo sobre mi madre (All About My Mother) - Pedro's best along with La Mala Educación. Pedro Almódovar, 2004

Butch Cassidy & the Sundance Kid - In memory of late great Paul Newman. George Roy Hill, 1969

Les Triplettes de Belleville - Unique (and nearly silent) animation movie. Sylvain Chomet, 2003

The Name of the Rose - Excellent adaptation of Europe's best-selling book in the 80s. Jean-Jacques Annaud, 1986

1900 - A brilliant 4 to 5 hours behemoth about the end of an era. Bernardo Bertolucci, 1976

Heaven's Gate - A very good and desastrous 219 min behemoth about the begin of an era. Michael Cimino, 1980

Gosford Park - Wonderful late work about social classes, comes with director's trademark elements. Robert Altman, 2001

^I second "Les Triplettes de Belleville".

Since you're going off the deep end with massive epics, I'll add this:

Once Upon a Time in America - 1984. Make sure you watch the long version. It's, uh, long. But very, very good.

Yes, Once Upon a Time in America is great as well, Monsieur Beauchamp.

By the way: You've got an adequate avatar for this thread, but there are better pictures of the most beautiful actress ever. This one, for example: http://www.testriffic.com/resultfiles/11574audrey.JPG

This year the movie I liked the most is The Oxford Murders, an excellent british crime-solving movie. Highly recommended

Hmmm, Doomsday. 'Nuff said!

In my defense, I paid for WALL-E, and then hopped over to The X-Files, then Wanted, then The Dark Knight for free, ninja style.  I didn't want to see it, and I actually hadn't even heard of it, but my wife was like "Let's see this one, it has Angelina Jolie in it," and it was the only film that fit between The X-Files and The Dark Knight.

@Onyx, if you haven't seen it, I just had my mind blown by Tideland by Terry Gilliam last night.  It's from 2005, and its U.S. release was delayed for almost a year, so it's kinda foreign and kinda indie I guess.

One director I've recently studied at school that I've enjoyed was Bruce Cornell.  He's the father of found footage cinema.  I recommend "A Movie by Bruce Cornell" or his music videos for "Mongoloid" by Devo, and both "America is Waiting" and "Mea Culpa" by David Byrne and Brian Eno).

I'm taking a class on Michelangelo Antonioni right now.  We watched L'avventura, La notte, L'eclisse, Il deserto rosso, and Blowup.  If you haven't seen any of his movies, I recommend L'avventura, and if you like it, just start watching his movies in order from that point on.  Blowup is good, but it's his English-speaking sellout movie with titties and rock and roll, and has the worst ending ever, even for Antonioni, with his notoriously wacky endings.

Oh, and look up John Whitney on the YubeTube.  He's the father of computer animation.  If you can find an interview with him explaining his work it's hilarious.  He was making films in the 60s that looked like screensavers from the 80s, and he talks about emotions in art like a scientist.

Onyx, if you have not viewed "Tideland," be thankful for that. Do not view that movie. It is a horrible movie.