Here is my list
1) Race Pro "Xbox 360"
2) KillZone 2 "PS3"
3) GranTurismo 5 "PS3" - I have a feeling this will come out next year.
4) Street Fighter IV
5) God of War 3 "PS3"
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Honorable Mention's
Heavy Rain "PS3"
Alan Wake "Xbox 360"
F.E.A.R 2
Operation Flashpoint 2: Dragon Rising
Tom Clancy's Splinter Cell: Conviction "Xbox 360"