First timer? You're going to love it! 500,000 bikers all in one place, it's an amazing sight. I highly recommend the races at the speedway. They changed the format a couple years ago so it's the 600cc formula extreme bikes that compete in the main event (the 200 miler), but the big open class AMA Superbikes race earlier in the day. It's only about 17 laps, but the speeds are higher so I like watching that one from the stands, then moving to the infield for the 200 race to see the 600s carve the infield turns.
Book your lodging early or you'll be driving in from Orlando every day! If you're not already booked you may be in trouble.
There are some fun spots in the surrounding areas as well, not just in Daytona Beach so do your homework!
2005 Hayabusa is current ride.