Valladolid is a reasonably large industrial city to the northwest of Madrid. It is one of the major regional center in Castile-Leon. The city has an older core with some interesting buildings. However it has focused more on industry than tourism. Nowadays the population of Valladolid is near 322,000 inhabitants.
Villanubla (VLL), the Valladolid airport, is 15 minutes from the city center. There's a daily bus shuttle to the city at 5:15AM, 4:15PM and 7:20PM. The timetable changes at weekends and holidays (Bus info: +34 983230033). Iberia  offers direct flights to Valladolid from Barcelona, Amsterdam and Arrecife.
The most common way to reach Valladolid by train is from Madrid (check the Spanish rail company, Renfe ). €11-€30. There is a high speed Spanish train AVE that connect Madrid and Valladolid (200 km) in less than an hour. Purchasing the ticket by Internet in advance (at least 15 days) the price is €12 (Jan. 2008). There are train connections to other places.
Alsa  provides a regular bus line from Madrid. Fares are similar to rail (11-20€).
Valladolid has a good bus service, but you can easily get around the city center on foot.
Residents of Valladolid are mostly monolingual in standard Spanish. There is a popular myth that the the "purest" Spanish is spoken here, and it is thought that the Royal Spanish Academy (the group that sets the linguistic standards and produces dictionaries) originally based the written standard on the speech of Valladolid. There is little real evidence for this, but it is generally true that Valladolid residents speak more clearly and annunciate their words more than people from other regions of Spain. This is good news for non-native Spanish speakers or people looking for a good place to learn Spanish.
One of the most interesting things you can do in Valladolid is attending the Seminci (Semana Internacional de Cine), International Film Festival. The 54th edition will be held between the 23rd to the 31st of October 2009. The main objective of VALLADOLID INTERNATIONAL FILM FESTIVAL is to show and promote films of artistic quality which contribute to the knowledge of worldwide cinematography. The festival consits of the following sections:
a) OFFICIAL, offering a panorama of current international cinema. The feature-lengths and shorts in this section may participate in or out of competition.
b) MEETING POINT, a competitive parallel showcase of fiction films worthy of special attention for their subject matter or style.
c) TIME OF HISTORY, also competitive for documentaries.
d) SIDEBARS, devoted to the presentation and analysis of directors, genres, styles, a nation's cinema, etc.
You can buy typical sweets of the city or the province, like "Mantecados de Portillo". You can buy, of course, the best wine of Spain, because in Valladolid there are some of the most famous wines in the world, like the "Vega Sicilia". But you also have a lot of delightful wines at all prices. (See Drink)
In the city center, you can find many restaurants. Castilla y Leon is known for suckling pig and suckling lamb. In Valladolid lechazo (suckling lamb) is more famous, and there are restaurants where you go exclusively to eat lamb and the waiters ask you just for the drinks.
You can also find good places to eat suckling pig. Valladolid has been getting into the tapas culture in recent years. Unfortunately you have to pay for tapas everywhere in Valladolid. There are many cities in Spain where the tapas are for free with your drink. There is a tapas competition between Valladolid bars that is held once a year. It is so successful that the Council created a national competition in 2005. If you want to visit Valladolid for a weekend it is worth to check when the tapas competition will be held.
You get another good chance at the beginning of September when the festival takes places. All the pubs put bars in the street, and next to the Stadium you can find marquees from different Spanish areas where you can taste all the typical and famous Spanish dishes.
You find good tapas bars in the old part of the city center, but one favorite is in Calle Correos, behind the Council building. This pub won the tapas competition one year.