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seriously though aside from what's been mentioned the following 2 have really stuck for me, the first being something I waited a long time for:

Anthony Seeha - Transcend http://anthonyseeha.bandcamp.com/

HarleyLikesMusic - Thunder Shock EP http://offmenutrecords.bandcamp.com/alb … -shock-e-p

should you really be surprised these are DS10 releases?

this thread just demonstrates that there are two kinds of people here on chipmusic 2012 (never forget):

people that have listened to subpixel - the wave
and people who have not

I have been carefully bootlegging chibitech tune for ages. Good sources are, NSF archive, famicompos and watching her blog/twitter like a hawk. Also she has a couple of soundtrack related things out.

Bright White Lightning - Bad Teeth
Condom - Live
Knife City - Knife City
Robocotopus - Victory Lapse
Kubbi - Sleet
and Danimal Cannon - Roots (2011, I know, but barely)
These have all been on heavy rotation.

I was wondering if that came out this year.  yep, plus 1 for this

1. Brother Android - In Death, A Dream of Color
2. Knife City - Knife City
3. Xyce - Mosaik
4. Retro City Rampage Soundtrack
5. Space Boyfriend - Space Boyfriend

I was listening to Brother Android looooong before I got interested in the chiptune community as a whole.  And his stuff just keeps getting better.
Knife City's debut is just...well, when an artist's debut is dishing out sounds I've never really heard from a gameboy before, they're doing something right.
When Xyce's album was released a few days ago I was surprised to find that they had created some of the finest chiptunes I've ever heard.  I will stand by that statement.
Retro City Rampage - one of the few games that I would rather listen to than play.
And finally, Space Boyfriend's album is just plain fun.  Not necessarily even one of the "best" or most technically sound albums I've heard this year so far, but that doesn't matter when the album in question is committed to just being enjoyable, and it delivers.

1DMG
RAW
HARD
AWYEAH