Day 01: Favorite moment/line in Fellowship of the Ring
Oooh. There are so many great moments! I think my favorite would have to be the bits before the council of Elrond, when everyone is riding in and you can feel the tension building and everything coming together.
Day 02: Favorite characters from each race
Elves: Legolas, no question. Elrond is a close second, though.
Dwarves: Ehmmm...Fili, probably, with Bofur, Thorin, and Kili tying for second and Gimli in third place.
Hobbits: Frodo, though Bilbo is a close runner-up.
Men: FARAMIR. He's absolutely amazing.
Istari: Gandalf. Not much of a choice here, is there? :P
Orcs: Azog. He was a very good antagonist. (Too good, unfortunately. I still haven't forgiven him for BOTFA.)