Mine were:

1. Ituralde getting blind-sided by the Draghar attack. The Shadowspawn March on Maradon was intimidating to say the least, especially the fact that we know they have channelers hidden, waiting for something. This was the scariest moment the Shadow has had for a long, long time.

2. Perrin fighting Slayer and the BA with every edge he has (blocking Balefire FTW) and still losing... he got the Dreamspike, but it still felt a lot like Star Wars: A New Hope where Obi Wan (Hopper) dies to let Luke (Perrin) get away with the Princess (Dreamspike). One of the better fight scenes in the series.

3. Yoeli riding out to save Ituralde.

4. Rand's MoA in Chapter 2 ("Apples". I literally got the shivers when he said "I can hold him off, for a time". Something about that scene was epic.

5. Revealing the Shadow Aiel at the end. We know how deadly Trollocs are - these guys seem to be a full order of magnitude worse. There's also reason to believe that they might have channelers amongst them - corrupted Wise Ones, and/or male Aiel channelers who get sent to the Blight when their ability is discovered. This army is potentially the most powerful in Randland right now.

Close contenders:

* Nynaeve's testing. Intense.
* Rand's smackdown of Cadsuane (loved the "Rand Sedai" comment).
* Perrin seeing Rand in T'A'R. Epic.

I think the book was brought down a bit by the continuity errors, and I'm sure the strange structure threw a lot of readers. My personal opinion is that the structure was fine, and that those who complained should try reading Catch 22 and then see if they think TGS/ToM is disjointed.

Oh, and Graendal was lacklustre, but I'm starting to wonder if that was intentional. Each time we see a FS have a potential (evil) moment of awesome, we are quickly reminded that they are human. Funnily enough, we get the same reminder pretty often with Lightsiders. It might kill the excitement for some, but to me it makes the series a bit more believable, if anything. There's a certain tragicomic element to the idea of Graendal surviving the near-certain death of Natrin's Barrow, only to be Mind-Trapped by Moridin. Out of the frying pan, into the fire, as they say.