I used to have a free donner membership to The Valkyrie, but alas I couldn't keep my commitments (I have a crappy ISP and no money), anyway the site has tons of stuff, but its a very varyed lot, there are a lot of very good high res contest, etc. shots and a lot of low res too, amny are frames caps from videos, just depends on who was at the contest and their quality of photography, video equipment. There are also some content from professional photographers, there is both artistic works and newer 3d artistic renderings (both stills and vid), and there is an archive of some usenet newsgroups pictures.
The site directly sponsors FBB's at $1000.00 a month for a whole year at a time (12 months $12,000), so just for this it is a good site to support as you are directly supporting a site that actualy gives real money to FBB's. And there ain't many that can claim that.
Also She (yes the owner of the site is a woman, she has some mp3's ware she reads some of the storys in the audio section of the storys page.) provides web space for probably half the well known FBB and fitness sites on the net, including many pay sites. There is a pretty long list in the story section of what sites are provided space. The site has lots of video but as with the pics it runs the gambit from quality high def to well lets say not so good low res.
One problem I have with the site is how stuff is posted to the site, she stretches the posts out over a long time, so there are always new items on the site, but some are in my opinion a bit dated. But over all there is a lot of stuff, you can always get a membership for a while download what you like and then cancel and get it again sometime, as I recall prices were pretty cheap.
Another feature not mentioned much is that many of the picture gallery's have a way to zip a whole page of pics and download them, it doesn't save much bandwidth but it can save a lot of time if you want all of the images on that page.
Also some of the download managers will work as long as you limit connections and your download manager supports passwords, most pages have 5 dummy links you need to dump from your download manager or it will hang but its pretty easy to figure out.
Another thing is if you like any of the women she is sponsoring, you will see lots of video and pics from contest prep, contests, and some unusual stuff like when they are on vacation, there are some good older clips from a trip Andrula Blanchet took some years back, ware she went scuba diving, and some of her roller blading (this set of clips should have had more of her doing the straddle splits and presses but there is still some interesting footage).
There is one more problem and that is some of the best stuff on the site is a bit hard to locate, I think the site could use a bit more organisation, but this is a minor problem.
There are some ilistrated storys in the free story section, these as with all story sites. run the gambit from good to well lets say crapola, but what one thinks is trash another thinks is treasure, so check out the storys for yourself there all free except the audio books.
There is also a live java script chat section similar to irc, that is also free, some FBB's do drop in once in a while, I think sponsored FBB's are required to spend some time in the chat area, as I recall there is a posting in the chat section on when they will be on.
All in all I think The Valkyrie is a good site to get, at least here and there, if you are a fan of the FBB's and fitness chic's.