So I have my lovely posterboard filled with multi-colored post-its. I actually do feel that I noticed things about the book doing it this way. (Yes, Lani you were right.)
Anna DeStefano has a great post up about editing. It's filled with questions to ask about a scene as you are editing.
The ever smart Kristin Lamb has a post on structure which I'll be refer to more than a couple of times I think.
And, in case all this editing is making you feel a bit defeated, remember to be kind to yourself.