Mr. Bootles at 2011-04-13 16:43:51:
I haven't tried transcribing screenplays, but I used to outline films by scene and dramatic action. I found it very helpful for learning structure.
Example:
EXT. BARBERSHOP - DAY
Max meets Mr. Blume and offers him a gift; either his "Perfect Attendance" or "Punctuality" pin. Mr. Blume picks Punctuality.
INT. BARBERSHOP - DAY
Max introduces Mr. Blume to his father.
I often wondered if doing this kind of exercise via notecards would allow you to restructure your favorite films more tangibly.
Food (probably more like snacks) for thought,
Mr. Bootless