Personally, I don't like cat or pet contests - their all cats of the day, month, year and lifetime to me. I don't choose the cat of the day, I just post all of those with a picture one after the other. That way, every cat with a picture in his cat page gets to be cat of the day sometime. I don't mind having a cat photo contest though, where people will send the best quality photographs. We could even have a sponsor for the contest, so that the winner will get a prize.
However, I'm afraid I don't have enough time to update the cat of the day on a daily basis, so I don't think the contest will be held anytime soon. Hopefully after the baby is born and we get through the first few months, I will have the time and energy to do something like that.
Thanks for the vote of confidence Illusion