Nice thread. The feelings exercise is one of my favourite things. I find the CDs to progresss a little to fast for me, but once you know the script you can lead yourself and progress at your own pace.
Judging the feelings is what you want to avoid. A label for a feeling comes pre-packaged with a judgement.
What are feelings? Are they emotions or physical senses? If you become aware of your emotions you'll notice they are a combination of physical sensations. So your feelings are both but really only one.
What are feelings? They are messages from the universe. They are just for you. What are emotions? Yes feelings, but they are messages just for you from your mind. Some feelings come from your physical self interacting with the universe, giving you information, giving you feedback, giving you answers, giving you guidance. Some feelings come from your mind working with the information and giving you feelback, giving you answers, giving you guidance.
Some feelings are stronger than others. Feel the energy in them. Some are more localized than others. Some have at different SOMETHING. Try some of the words Paul suggests, some will fit, some won't. Explore the feelings, become aware of the feelings.
Don't label them, don't judge them. They are all valuable feedback, designed especially for you.
Accept the information, accept the feeling, don't judge it. Express gratitude for recieving the gifts of feedback, for the gifts of guidance. Feel acceptance and gratitude for it. Feel love for it.
There are many faces to love, and AlexK refers to a few more above, but ACCEPTANCE and GRATITUDE are the two that I feel are most important for this exercise. Acceptance helps keeps you in the NOW and not in the analysis of the experience. Gratitude helps you (read me) connect to the massive energy that is love.
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That's not a detailed as I have planned on typing, and it's more instructional. However, I hope it helps some people.
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One of the things I've done in the feelings exercise is to mentally scan my body and become aware of the feeling of the place I'm scanning. Then try become aware of the extent of it, the intensity, the depth.... or use Paul's words.
Another things I've done is to become aware of a few feelings about my body then they and become fully aware of a few of them at the same time. Or try and become fully aware of all of the bodies sensations at the same time. Then progress with the exercise.... energy and love.
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It's well worth repeating the idea of experience the feelings and the exercise. Try and understand it after. You have a memory. Trying to analyse it, is strongly linked to trying to directing the experience. Let the conscious mind be the observer and be with the experience.
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I've found that doing this exercise is great for developing awareness of your state, of the messages you are being sent, even when not doing the exercise. You can then use this awareness to listen to your internal messages and consciously chose your action, rather than running on the default program (trance), if that's what you choose.
Good luck with the exercise.
You are perfection.
Iam2 
