The only thing I'm watching right now is G-Gundam. Great series in my opinion, plenty of explosions.
What I'm reading...
Naruto Shippuden - I loved the begining of Naruto Vs Pain, but like Maverick said, it's just boring flashbacks now.
One Piece - Still packed with action and stretchy goodness.
Naruto (pre-timeskip.) - Cathing up with this one because of the classic fights and the action.