What are you reading?

I'm about a third of the way through Iain M. Banks's most recent SF book, The Algebraist. The reviews for this book have been mixed, but I'm really enjoying it. It is not a Culture novel, which I think freed Banks to play with new ideas and constraints. Of course it could all go to hell before I finish it...

Also in the queue I have a collection of short stories by Cordwainer Smith, and I should probably find something that isn't science fiction at some point.