Replying on the ChucK list since it seems more topical (?).

Mostly I'm not so into either the "6 speakers, grains, stroke your chin while sitting on a chair, debate afterwards" style or the "pull a amen through the latest hottest VST" thing. I heard a bit too much of that and to my ear most of it lacks feeling, probably because grains are often quite hard to control. Many times I feel randomness plays a too large role as well.

What I really like though is Michel Waisvisz's performances which are based on Steim's "LiSa" which in turn uses grains and controlled in realtime using his "Hands" controler.
http://www.youtube.com/watch?v=SIfumZa2TKY

I'm not sure how much of his music was recorded at all, I think he stuck to live performing for years. Since he lives in (I think) Amsterdam and me in The Hague (45 minutes by train) so I got to see him play a few times. I think the main thing that atrackts me in his work is how much of it is done directly and in realtime with very little (if any?) randomness.