A few of our favorites make this list.  I have to say that China Mieville's The City and The City could just as easily been in the SF category as the Fantasy one.  Not exactly a Fantasy in my book, so much as alternate history SF with a Political Science spin on the "science" part of "Science Fiction".

Best SF Novel: Boneshaker, Cherie Priest (Tor)

Best Fantasy Novel: The City & The City, China MiƩville (Del Rey; Macmillan UK)

Best First Novel: The Windup Girl, Paolo Bacigalupi (Night Shade)

Best Young Adult Book: Leviathan, Scott Westerfeld (Simon Pulse; Simon & Schuster UK)

Best Novella: The Women of Nell Gwynne's, Kage Baker (Subterranean)

Best Novelette: ''By Moonlight'', Peter S. Beagle (We Never Talk About My Brother)

Best Short Story: ''An Invocation of Incuriosity'', Neil Gaiman (Songs of the Dying Earth)

Best Anthology: The New Space Opera 2, Gardner Dozois & Jonathan Strahan, eds. (Eos; HarperCollins Australia)

Best Collection: The Best of Gene Wolfe, Gene Wolfe (Tor); as The Very Best of Gene Wolfe (PS)