It's been a lean few years. AIC animation studios got bought by a pachislo machine company (pachinko/pachislo parlors are casinos, and yes the same sort of people are involved in the business there as in the USA). Worse, Madhouse got bought by Nihon TV channel to save them from financial troubles caused by the recession as well. Nihon TV promptly canceled Satoshi Kon's final movie (Dreaming Machine) and sadly, we'll never see what might have been his greatest work.
There were several seasons when there was one show worth watching, and that wasn't especially good except in comparison to most of what was playing.
In fall 2008 we had choices of new series like:
Spice and Wolf
To Aru Majutsu no Index
Gunslinger Girl Il Teatrino (not really a continuation of the Madhouse series)
Michiko to Hatchin
Tytania
Tentai Senshi Sunred
Mouryou no Hako
Toradora
It's a pretty diverse list - different quality, different genres, different maturity levels. But they do have one thing in common - they're from some sort of seinen material (Spice and Wolf, Gunslinger Girl, Michiko to Hatchin, Toradora) or are highly deconstructive of their genre conventions (Tytania, Tentai Senshi Sunred).
That sort of 'edge content' is what has disappeared from the market. By Fall 2009 the only new non-generic things released were Sora no Woto, The delightful Hanamaru Youchien, and two quirky one-shot OVAs: The Legend of Koizumi and Boku, Otaryman. But the worst was yet to come. There were some other good shows airing, but they were franchise continuations - no financial risk if the first show was successful.
It's all about the risk. There's no great anime right now because nobody in the Anime world is willing to run the risk necessary to create it. I suspect that a lot of interesting proposals are being dumpstered and a lot of projects are being reworked or shelved because they aren't sure things. Anime studios are playing to the base - which for them is the adult otaku market and little kids. I suspect that middle-school boys ate Ben-To up - it was cleverly produced and had all the right memes. I anticipate likewise for High School DxD, which I've been skimming in light novel form (mostly out of curiosity about the Paradise Lost meme soup) but can't imagine enjoying as an anime.
In Fall 2010, the new odd choices were down to Panty & Stocking, Shinrei Tantei Yakumo, and Kuragehime. Good choices all of them (I thoroughly enjoyed both Yakumo and Kuragehime), but mostly lacking in seinen value. Cerebral, plot-driven stuff like Spice and Wolf was long-gone.
And then came the drought: Fall 2011. The closest thing to seinen content was Mirai Nikki. Yeah, not really the thing.
I chose fall seasons, but Winter/Spring or Summer would have done just as well.
Tl/Dr version - Psygremlin asks: "So, is there anything good [in this season's anime offerings], or am I just being a grumpy old man?"
We're still in the dry spell. The shows I'm looking at this season are (in order of eagerness and carefully avoiding spoilers):


L&R: Another anime promo art and light novel cover, respectively.
The plot is sort of an spooky, impersonal version of Ano Hana as a school haunting. Excellent visuals, good seiyuu work, and suitably atmospheric SFX and music combine to make this my current pick for best show of the winter 2012 season. The OP and ED are appropriate but uninspired. On your left you have a poster illustration for the anime, on the right the cover of the source light novel.



At left: Could it be...Kazami-sensei? At right: Reductive, yes, but pretty to look at.



At left: Yuta unwittingly beholds his doom. At right: The hypothetical happy family shot in Yuta's one-room manshon. Guy in back is the pedo otaku viewer surrogate.
Great art? No. But it's simple and good at what it is. I will never love this show - there's too much fanservice in it for that - but it is well executed for what it is, and is on the 'this is OK' side of the pedobear scale - indeed, if I knew that there weren't dirty-minded pedo otaku watching it in Japan and hugging their Sora-chan, Mio-chan, or Hina-chan (shudder) pillows I'd be completely fine with it. Now if we can just get to the stage where Oda-senpai reappears and starts interacting with the nieces fun should ensue. The anime is actually a little better than the manga, so far. I hope somebody at Baka-Tsuki picks up the source light novels - they're probably pretty good.

At left: Dunno if they're bodacious, but they're what's on offer. At right: Main Character in schoolgirl mode.
The ED animation suggests that we're going to end up with Joshikousei Pirate Star Trek TOS with Kuro-megane as Spock, Forelock meido girl as McCoy, and Main Character as Kirk (of course). This would be improved with the addition of voluptuous, green-skinned dancing women, but isn't bad for what it is so far.




And last and most decidedly least, we have Kill Me Baby! It's 4-koma again. It's incomprehensible. It's badly drawn. It has a really annoying theme song.

So what are we watching in place of all the great anime we wish we were watching? Great old stuff! Psy has started some stuff I've recommended that he never got to: "I've finally got my paws on Aoi Bungaku, so that'll help me through the lean period. Going to have a look at some really old stuff - Mermaid Forest, Utena and The Third."
At right and below: There's always good old stuff like Takahashi's Mermaid Saga and Gallery Fake (yes, that's Van Gogh's Sunflowers behind) to tide us through the global meltdown.
We never finished Aoi Bungaku or Utena and never even started The Third, so his ideas are suggestions for chez Senile as well. We've been treating e-chan to Kamichu! and both versions of Cyborg 009 among other things.


L&R: Gallery Fake DVD vol 1 cover and manga vol 1 cover
After watching lots of formulaic anime, I sometimes forget that characterizations are what make a show worth watching. Neither of the lead characters in Gallery Fake (pictured left) are simple enough to be tropes, although Fujita probably is the source of one. Sara is the sidekick and sounding board, but is a stronger, more complex, and more entertaining character than the leads in Rinne no Lagrange, Moretsu Space Pirates, or Ano Natsu. There's just no substitute for seinen material.
Last night our evening viewing was Tailenders - something else I'd been meaning to watch for ages.
PS.We await the on-again off-again Mardock Scramble