I will be working on Ephesians 5 for January. Last summer I started working on memorizing Ephesians and Lea's Remember in September contest helped me complete Chapter 2 and part of Chapter 3 (not to mention start blogging). It took all of October and November to finish Chapter 3, and I did Chapter 4 in December. My method is to add a new verse each day and then review previous verses. (If you look at previous posts you will see that in actuality this works out to sometimes skipping days and doubling up on other days, or in the case of Chapter 3, taking an inordinate amount of time to complete a section.)
I am loving the accountability and deadline aspect of MMM. It really seems to help me.
Oh, and there is this really nice button for Mega Memory Month with a coral, which I think is a brain coral, which would be totally appropriate, but I have to figure out how to add a button to a blog.