The first Demons & Wizards album is simply awesome. It's so sinister and dark, one of my favorite albums ever. Admittedly I am a huge Iced Earth fan and the songs on it are basically Iced Earth songs with Hansi on vocals (a killer performance by the way, I wish they did more darker stuff in Guardian) so it makes sense for me to love this album.
Mad riffing!
Favorite songs: Fiddler on the Green, Blood on my Hands, Heaven Denies, Last Sunrise.
Touched by the Crimson King is good as well, not as good as the first one though. A bit easier to get into maybe, but some songs lack depth, whatever that means ;).
Favorite songs: Loves Tragedy Asunder, Down Where I Am.