In this paper, we present detailed experimental and theoretical studies of the femtosecond dynamics of microscopic friction. The real-time rotational motion of a well-defined system of diatomic solute in monatomic solvent has been studied for two solvents ranging from gas to liquid densities. Both coherent inertial and diffusive limits of the motion and all stages in the transition between these two regimes are observed in detail. The transient anisotropies over the entire range of experimental densities and solvents are well-represented by the J-coherence bimolecular collision model presented here. This stochastic hard-sphere collision model explicitly relates the physical properties of the solvent to the anisotropy and the coefficient of rotational friction, permitting calculation of the transient anisotropy from the Enskog hard-sphere collision frequency. Friction coefficients obtained from J-coherence analysis of experimental anisotropies were compared with those from Gordon J-diffusion, and Langevin-Einstein analyses, and with the hydrodynamic range of friction. The density cutoff for applicability of diffusive or continuum treatments is such that the angular trajectory for average J in the angular velocity autocorrellation lifetime is similar to 50 degrees, while the microscopic, molecular picture of the friction can be applied from the gas to the liquid.