Here's my personal top 10:
1. My Morning Jacket - Evil Urges

Took a while to sink in, but once it did it became quite the listen. A continuing progression in their sound has seen them eschew the overlong slow jams while still retaining their southern charm.

top tracks: "Touch Me I'm Going to Scream Pt. 2", "Librarian", "Smokin' from Shootin'"

2. Vampire Weekend - S/T

Seems like it came out forever ago, but it has held up quite well in the 11 months since it came out. The quality starts to suffer a bit toward the end of the album, but there are still some extremely enjoyable songs on here. One bummer is that they left one of the best songs from the demo off the official release ("Boston").

top tracks: "Mansard Roof", "A-Punk", "M79"

3. Evangelicals - The Evening Descends

The most surprising album of the year comes from these Oklahoman boys. There's a cheesy horror movie theme permeating throughout which is sometimes goofy but for the most part effective. Gimmicks aside, this is quality indie rock with plenty of hooks.

top tracks: "Skeleton Man", "Bellawood", "Midnight Vignette"

4. Fleet Foxes - S/T

Being intrigued by the Band of Horses and MMJ comparisons, I checked out the debut from these Seattle boys. There are plenty of beautiful pastoral harmonies to be had - especially in the vocal department - but a few boring tracks toward the end keep this from the top.

top tracks: "White Winter Hymnal", "Ragged Wood", "He Doesn't Know Why"

5. The Walkmen - You and Me

An interesting album due to the murky production throughout and a general gritty vibe not seen on their previous three discs. It makes for a great listen, but only when you're in the right move. Basically, this is one of the last albums I'd put on at a party.

top tracks: "In the New Year", "Red Moon", "Canadian Girl"

6. She and Him - Vol. 1

The melodies may be syrupy sweet and the lyrics hackneyed, but damn is this a fun set of songs. Zooey's singing voice is as lovely as she is and the choruses are generally impossible to keep out of your head.

top tracks: "Why Do You Let Me Stay Here", "I Was Made for You", "Sentimental Heart"

7. MGMT - Oracular Spectacular

This is about as close to electronica as it gets for me (which is why Pitchfork's year-end list pissed me off so much). It rocked me pretty hard at first and seemed destined for a top-5 spot, but a few too many songs suffer from RCS (repetitive chorus syndrome).

top tracks: "Time to Pretend", "Weekend Wars", "Kids"

8. Destroyer - Trouble in Dreams

Much more consistent in overall quality than their previous effort (Destroyer's Rubies) but not up to par with some of the finer moments on said album. A few too many of the songs just kind of cruise by without making much of an impact.

top tracks: "Dark Leaves from a Thread", "Blue Flower-Blue Flame", "My Favorite Year"

9. The Fratellis - Here We Stand

Though it was a pretty big disappointment in my eyes compared to their debut (which was my #1 from last year), Here We Stand is still a good listen. Instead of letting the songs flow naturally like on the debut, it seems they tried too hard to make hit songs.

top tracks: "Mistress Mabel", "A Heady Tale", "Look Out Sunshine"

10. Bon Iver - For Emma, Forever Ago

After getting tons of hype I finally decided to check this album out...and thought it was boring. Eventually I grew to like it for what it is - stripped-down acoustic rock with some nice production touches.

top tracks: "Flume", "For Emma", "Skinny Love"

Honorable mention (and some of these might end up in my eventual top 10 with more listens):
The Kooks - Konk
The Raconteurs - Consolers of the Lonely
Conor Oberst - Conor Oberst
The Ruby Suns - Sea Lion
Mason Jennings - In the Ever
Kings of Leon - Only by the Night
Glasvegas - Glasvegas
Wolf Parade - At Mount Zoomer
Devotchka - A Mad and Faithful Telling
Titus Andronicus - The Airing of Grievances
The Black Keys - Attack and Release

Ezra Furman and the Harpoons - Inside the Human Body
Delta Spirit - Ode to Sunshine
Jenny Lewis - Acid Tongue
Amazing Baby - Infinite F'ing Cross EP (the songs here are top-10 quality but I don't lump EP's in with LP's)

That's also were I discovered the Shackletons, who were revelatory.

Repoz's Idiotic Indie/Undie Top 75 Songs - 2008

1 - Cineplexx - "Tiger Trap"
2 - Capstan Shafts – "3 Million Weeks of Leaving"
3 - Eddy Current Suppression Ring – "Colour Television"
4 - Women – "Black Rice"
5 - Mayer Hawthorne and the County – "Just Ain't Gonna Work Out"
6 - Wire – "25 Years Too Late"
7 - Symfoniorkestern - "Sommardepression"
8 - Wreckless Eric and Amy Rigby – "First Mate Rigby"
9 – Für Amel – "Pink Eyes"
10 - Drew Danburry – "I'm Pretty Sure This Is Someone Else's Song, But I Couldn't Figure It Out So I'm Keeping It!"
11 – Julie Ocean - "#1 Song"
12 - ###### Up – "Black Albino Bones"
13 - Francois Virot – "Cascade Kisses"
14 – Withered Hand – "Hard On"
15 – The Spanish Prisoners – "Where God Does His Laundry"
16 – Gigi – "The Hundredth Time"
17 – Menahan Street Band – "Home Again"
18 – 13 Ghosts – "Beyond the Door"
19 - Meeting of Important People – "Mothers Pay More"
20 - Nouveaunoise – "To Where is Alright"
21 - Ponytail – "Beg Waves"
22 – Jay Reatard – Always Wanting More"
23 - When – "Toy Party"
24 - The Gang – "Rose Island"
25 - Army Navy – "Saints"
26 – The Dutchess and the Duke – "Reservoir Park"
27 - Brainstorm – " You Know Who You Are"
28 - Voluntary Butler Scheme – "Trading Things In"
29 – Will Currie and the Country French – "Push Pins"
30 - That Ghost – "Open Window"
31 - Diamonds – "The Waking"
32 – Soltero – "Out By the Wall"
33 - Clinic – "Free Not Free"
34 - David Karsten Daniels – "Oh, Heaven Isn't Real"
35 - Smothered in Hugs – "Blank Test"
36 - These United States – "First Sight"
37 - El Ten Eleven – "I Like Van Halen Because My Sister Says They Are Cool"
38 - Snailhouse – "Superstitious"
39 - Blue Eyed Blacks – "The Wrong Thing"
40 – No Age – "Teen Creeps"
41 - Peter Moren – "Social Competence"
42 – Blood on the Wall – "Jukeee…Julieee…"
43 - The Pains of Being Pure at Heart – "Doing All the Things That Wouldn't Make Your Parents Proud"
44 - Silver Jews – "Strange Victory, Strange Defeat"
45 - Justice of the Unicorns – "Jesus Has a Sweet Girlfriend"
46 – El Guincho – "Palmitos Park"
47 – My Little Pony – "I Don't Know"
48 - Capstan Shafts – "Eyeliner, Skywriter"
49 - Basia Bulet – "Before I Knew"
50 –Tallest Man on Earth – "The Gardener"
51 - The Weeks – "Buttons"
52 - Royal Bangs – "Cat Swallow"
53 - Erik Hallden – "If I Ever Get Married"
54 - Cineplexx – "Espiral"
55 - Rags and Feathers – "Hey You's"
56 - Alt-Ctrl-Sleep – "In the End"
57 - Andy Love – "Exit Bag"
58 – Fujiya and Miyagi – "Knickerbocker"
59 - Dan Friel – "Ghostown Pt1"
60 - Salty Pirates – "Survivalist Guide"
61 - Super Furry Animals – "Never More"
62 - Jolie Holland - "Mexico City"
63 - Pretend You're Happy – "The Other Side of the Earth"
64 - Deerhunter – "It Never Stops"
65 - The Golden Hands Before God Conducts Incredible Magic Band & The Spirits – "Communist Party"
66 - Banda de Turistas - "Todo Mio El Otono"
67 - 20 Belows – "This Boys Not Giving Up"
68 - Jay Reatard – "See Saw"
69 - Prisonshake – "Crush Me"
70 - Dirtbombs – "Sherlock Holmes"
71 - The Wedding Present – "I Lost the Monkey"
72 - Automatic Drawings – "Appalachia"
73 - Capstan Shafts – "Space Nut To Ape Length"
74 - Arms – "Kids Aflame"
75 - Jeff Dahl – "All My Favorite Ramones Are Dead"