This is another long-term challenge that's just too tempting to pass up. It's The Guardian 1000 Novels Challenge, hosted by Jennie of Biblio File, and it runs from now (it started February 1st) until February 1, 2010. The basic idea is to read and review 10 novels (that's just 1% of the total) during that time, to include one book from each category on the list. Also, if possible, one of the books should be a book you've never heard of until you saw it on the list.
You can read all about the challenge on the announcement page here, and see the Guardian's list and categories here. Out of the 1000 novels listed, I've only read about 200, so I've got plenty to choose from. And since quite a few of them are on my TBR list already, this should give me a chance to make another small dent in that enormous pile!
I'll probably just choose my books as I go along, rather than making a list to start with. But I'm already reading Edith Wharton's The Age of Innocence, which is listed under the "Love" category, so I guess I'm on my way.