There are some good shoegaze bands around at the moment. Young Prisms are nice, I wasn't that impressed with their first album but the track they released recently was decent. I'm looking forward to the new album.
You can grab it here
http://stereogum.com/959662/young-pr...premiere/mp3s/
Pure X are cool. I was surprised their album from last year received so little attention. It was one of my personal favourites. This track has fantastic dreamy guitar.
http://www.youtube.com/watch?v=RcUnotjcZKw
Echo Lake are also pretty rad, one of the most promising British bands to emerge in the last few years.
http://www.youtube.com/watch?v=n_m2xOTrZZ0