About the practice of Lectio Divina (divine or spiritual reading), author and blogger, Tony Jones, says:
I discovered lectio divina many years ago, during a very spiritually dry time in my life. In the time since, I have practiced lectio innumerable times, and it’s become a core aspect of my spirituality. Maybe even more importantly, it’s given me a renewed sense of love and appreciation for the Bible (and that’s saying something).
I could say much the same. (And here's a sample from my own blog)
For more, and for links to his books click here. Tony's book(s) are a good guide to this practice, especially for Protestants new to the practice.