I'm enjoying Bakemonogatari as well, but the first 2 episodes were the best so far. Since then it's sort of been hit or miss. The 3rd episode where they sat and talked was downright boring. I hate when they try to disguise a weak episode with SHAFT flashing text and animation gimmicks that add nothing to the show.
The show has fantastic art and character design, and I think it would be better if they relied on that more than some of the useless animation gimmicks. SHAFT is really good sometimes, but it's felt forced lots of times during Bakemonogatari for me.
At least there's quite a bit of delicious Senjougahara art available to "satisfy" until it's done. She's like the Mio of this season.