@Alan Great topic and already some interesting recommendations here. I tend to read more non fiction so I will surreptitiously throw in a title I'm reading now: A Short History of Nearly Everything by Bill Bryson, title sounds ilke a stretch I know but its an excellent, compelling and very humbling read (and extremely well researched!)
Recent fiction I read:
The Rosie Result by Graeme Simsion last part of a trilogy, really enjoyable and often downright hilarious (start with part 1: The Rosie Project)
Slaughterhouse Five by Kurt Vonnegut, not exactly recent literature, I think Vonnegut is probably love/hate, love in my case
White Tiger by Aravind Adiga - Amazing, very well written story about a poor boy who works his way up to become a successful businessman, set in India. I liked his other novel too: Last Man in Tower, but not as much as White Tiger.