GoD, recommend me non-gay fantasy to read that is not Tolkien, since I trust your thoughts more than everyone else here on this subject.
my favourite stuff is:
steven erikson - malazan book of the fallen series (first book = gardens of the moon)
glen cook - black company
scott bakker - prince of nothing trilogy (first book = the darkness that comes before)
china mieville - the scar (well, i prob like perdido street station most but i always think of that as more sci-fi)
stephen donaldson - the chronicles of thomas covenant (first book = lord foul's bane)
glen cook is pretty light reading, but he's really fun and metal as hell. he was among the first to really run with that whole morally ambiguous gritty stormy brooding dark fantasy thing, really influential on folks like bakker and especially erikson.
donaldson is in a class of his own, beats tolkien at his own game methinks, really mature challenging stuff but totally rewarding. the gap series is brilliant as well, and the lighter mordant's need although a lot of people don't seem to like that as much. totally love it, myself.
you might be more interested in the classics like 'voyage to arcturus', 'book of the new sun', 'chronicles of amber', 'tales of a dying earth', 'gormenghast' etcetc. those are the ones which will often get onto favourite lists of even the most fantasy-intolerant literary critics. i haven't read them all, and none of them recently, so i'll refrain from commenting.