: 1. Gothmog, Lord of Balrogs
: 2. The Lord of the Nazgul
: 3. Shelob
: 4. Gothmog, Lt of Minas Morgul
: 5. The Mouth of Sauron
: 6. Khamul the Easterling (2nd Nazgul)
: 7. Sauron
: 8. Ancalagon the Black
: 9. Glaurung, Father of Dragons
: 10. Smaug the Golden

: An din the white corner (again in no particular order of hardness):

: 1. Feanor, the Spirit of Fire
: 2. Fingolfin the Valiant
: 3. Hurin the Steadfast
: 4. Turin Turambar
: 5. Earendil Half-elven
: 6. Fingon the Fair
: 7. Durin the Deathless
: 8. Beorn the skinchanger
: 9. Finrod Felagund
: 10. Beren One-hand

: The stage is set. Evil Contestants READY. Good Contestants READY!

: Choose your opponants and kick some arse!

: So then ladies and gentlemen - who's gonna win?

:
: Padster

If we're simply going to match numbers:

1. They both get killed. (Balrogs are notorious for double-deaths: Ecthelion vs. Gothmog, Glorfindel vs. Anonymous, Gandalf vs. Anonymous.)
2. Fingolfin. (The Witch-king fled from Glorfindel... he wouldn't have a chance against Fingolfin.)
3. This might be close, but I'd go with Hurin, since Shelob is just a big spider that goes back and forth trying to crush people. He'd probably need to loan an Elf-blade to cut the hide though.
4. I have no idea of what nature the Lt. of Morgul is, but I'd still say Turin, since any Orc/Black Numenorean seems weak compared to one of the greatest of the Edain.
5. Earendil. This isn't even remotely close.
6. Fingon. Nazgul are afraid of High-elves.
7. Sauron, fairly easily.
8. Ancalagon. I mean, he can probably just start blasting everything with lightning and fire, and skin-changing won't do much.
9. Glaurung: he has a pretty good record against Elves: Bragollach, Nirnaeth, Nargothrond...
10. I'd go with Smaug: Beren didn't do any of the heavy work in the Silmaril quest (or so it seemed to me: being captured by Sauron, hiding on the floor in Angband, getting his hand bitten off, and eventually killed by Carcharoth), and I don't think he could stand up to a winged dragon.

So... white takes 5, black 4, and 1 no-decision. Fairly evenly balanced, I would think.

[And no, my name has nothing to do with Tolkien, even if it might look remotely Black-Speech-ish... It's actually in a debased form of Soruharva, which is another language in another world which I am researching.]