Although alpha-band activity has long been a focus of psychophysiological research, its modulation by emotional value during picture perception has only recently been studied systematically. Here, we review these studies and report that the most consistent alpha oscillatory pattern indexing emotional processing is an enhanced desynchronization (ERD) over posterior sensors when viewing emotional compared with neutral pictures. This enhanced alpha ERD is not specific to unpleasant picture content, as previously proposed for other measures of affective response, but has also been observed for pleasant stimuli. Evidence suggests that this effect is not confined to the alpha band but that it also involves a desynchronization of the lower beta frequencies (8-20 Hz). The emotional modulation of alpha ERD occurs even after massive stimulus repetition and when emotional cues serve as task-irrelevant distractors, consistent with the hypothesis that evaluative processes are mandatory in emotional picture processing. A similar enhanced ERD has been observed for other significant cues (e.g., conditioned aversive stimuli, or in anticipation of a potential threat), suggesting that it reflects cortical excitability associated with the engagement of the motivational systems.