I finally signed up for the Shave Your 5K Challenge hosted by Half-Fast. The basic idea is to see who can shave the most time off their 5K time during 2008, so everyone will run a 5K at the beginning of the year (preferably before March, but he'll accept late submissions) and another one at the end of the year (between Nov & Dec). The winner is the person that shows the greatest improvement.
My stubble time is 44:38, which I ran in April 12 at the Windermere Run Among the Lakes 5K. I've already shaved off 9 minutes since then when I ran the Miracle Miles 5K on 9/27 in 35:38. This won't count for my smooth time, but I'm sure I can shave off even more time in another month. It's amazing to see how far I've come already!