I follow several webcomics these days, and I've followed others in the past; but I want to specifically discuss one amazing newcomer today:
Namesake. (that link goes to the very first comic)
I mentioned this comic before, but it deserves another mention. Isa and Meg are creating something amazing here. They have taken us to Oz, a new vision of Oz, but one that clearly owes much to Baum's original vision (we even have General Jinjur, with a new, yet completely in-character, motivation); they've shown us Alice, grown-up after Wonderland. We have references to fairy tales that most younger people won't even have heard of. And it's all tied together with a concept that binds reality and fantasy together in a single inextricable unit and makes those people who cross the borders the epicenters, I suspect, of disaster and salvation.
In many ways it reminds me of my own Polychrome, as they have so far had some similar approaches to the same problems I had... but at the same time they've come up with very different twists.
It's well-written, the art style is nicely done with both Western and Anime elements combined, and the characters leap off the page from their first appearance. I can't wait for the next installments.