I like the reasoning, well done. I'll reward your effort with a little critique, if I may.
Here's my team.My biggest fear with this is that somehow my team won't be unique, especially since I usually end up going with more popular players/obvious overlays.Anyhow, here goes:QB - Tony Romo 23 (I had him ranked ahead of Brees as a surer thing and frankly the price is right for what you get).QB - Kurt Warner 5 (This year's David Garrard - guy who's mandatory really at the price)QB - Matt Ryan 4 (I considered going with just 2 QBs but Ryan is acceptable enough to take a chance on at this price)Total QBs: 3 for 32
I'm in the minority on Warner, as I think he is a bit of a red herring at $5. Clearly he will outproduce that price, I don't disagree with that, and I think anywhere from $28-$32 is appropriate to allocate to QB's. The problem I see with Warner is that when you pair him with a stud like Romo or Brees as you (and many others) have done, the uncertainty about his status come week 9 or 10 almost compels you (and many others) to add Ryan or something similar - wasting an important roster spot and at least a few extra bucks. I mentioned when discussing my own team that every time I added Warner, despite the enormous value he presents, I was unhappy with my overall roster. Just because he's a "steal" at $5 doesn't mean you have to take him, but I think many people couldn't resist taking him, to the detriment of their team. Especially the ones who have a Brees/Cutler combo or something similar, I don't see the value in adding Warner as a 3rd QB. Just because he's cheap doesn't mean you need him.
RB - Ladainian Tomlinson 60 (One of these years, he might burn me, but frankly I've gone deep into this contest twice with LT2 - this format is extra beneficial to him. I couldn't imagine not having him again).RB - Maurice Jones-Drew 34 (I messed around a lot at this spot, alternately taking Portis or Bush or Grant at different times. MJD wins out as much for having a favorable bye week compared to the others. Portis would make me too heavy in bye-week 10 playersRB - Ricky Williams 8 (Like Warner, this is an obvious overlay for the price. He could produce like a back at 3 times the cost and figures to be at least worth the 8 even when Brown is fully back in the mix. A must have.)RB - Ray Rice 4 (I'm not quite as hyped on this pick, but he does have easily the most upside of the RBs in this neighborhood. I'll consider anything I get from him as gravy though, really.)RB - Steve Slaton 1 (Too highly ranked at this price not to get him. Productive 1 dollar guys are huge in this format. Another must have).Total RBs: 5 for 107
No complaints. I can't think of a single reason anyone should NOT have Slaton on their roster for $1, that's about as mandatory a pick as it gets. Rice and Williams are close to must-haves as well. Getting these three for a total of $13 and teaming them up with two studs is the way to go. In the end I added a 6th RB (Fred Jackson) for a little extra insurance but I don't think it's absolutely necessary, especially if your bye weeks are ok.
WR - Larry Fitzgerald 35 (It's tough for me not to take Hou$h in this contest as he has been great for me, but the superstuds like Fitzgerald and TO only cost 1 or 2 more so I had to forgo my main man. I'm a bit sad to realize that I have no WhoDeys at all on my team

Anyhow back to Larry Fitz. Originally this was going to be TO but I decided to diversify lest one bad Cowboy week blow my team up. Went with one anchor WR last year and it seemed to work out.WR - Santana Moss 14 (Not a huge fan, but he's still the WR1 there and at the price should be worth it).WR - Bernard Berrian 13 (Like Moss, not a huge fan but he'll be the first WR option there and that should count for something in most weeks).WR - Kevin Walter 6 (Solid guy but not spectacular, but there's a lot of that in this neighborhood)>WR - Steve Smith 5 (Obviously the one from the Giants. This guy could be the main beneficiary of the departure of Shockey and Amani's not getting any younger.)WR - Derek Hagan 4 (I don't really know much from the Miami WR situation and I'll admit I kinda punted to the points projections by grabbing him here.) WR - Steve Breaston 1 (The only plausible guy at cost 1 out there it seems, though I don't like having two WR from the same team).Total WRs: 7 for 78
I agree that Santana Moss was a nice bargain at $14. I'd be a little concerned that three of these guys have to start each week, especially on byes like weeks 7 and 10. I freed up money to add more "top-tier" WR's by downgrading from Tomlinson to Westy and losing Matt Ryan (see what I mean about Warner? Romo+Warner = $28, but then you need to spend $4+ on a 3rd QB. For $28-$29 you could have some combo of McNabb/Cutler/Garrard/Eli/etc. and not need a #3 QB, IMO).
TE - Todd Heap 15 (Um, I shoulda learned my lesson with this guy last year, but I guess I didn't. He'll probably be the one player that differentiates me from the crowd. I can only hold my breath and hope in a good way. If he stays healthy and does what he's capable of, though, he'll prove a bargain at this price).TE - Dustin Keller 2 (I really think he's an obvious choice. Favre will make him more productive than the typical rookie TE. A solid value here).Total TEs: 2 for 17
Love Keller at that price. I was a Heap owner in a keeper league for several years before I finally let him go this season. He's got the talent, for sure, but he just can't stay on the field and I couldn't take that risk. For about $15 I teamed Crumpler and Fasano with Keller - I was more comfortable with those two additional options than getting one of the TE's available in the $15 range.
PK - Phil Dawson 3 (I think this was another case of matching up against the byes as that kept me away from Bironas as well as Crosby - I changed kickers so much I'm a little hazy on what exactly happened to be honest).PK - Matt Prater 1 (Mandatory. The kid's got a cannon leg.)Total PKs: 2 for 4
Same as mine, love it.
DT - San Diego 8 (Maybe this shoulda been Minnesota but based on my research of the scoring from last year this team hit double digits more than any other).DT - Tennessee 3 (This team also has been very productive and looks like the best midline choice).DT - Detroit 1 (The Ultimate Survivor contest impacted my thinking here as I decided that a 3rd defense will probably prove more fruitful than an 8th WR. This team had some good weeks last year, although they are inconsistent. My hope with these 3 defenses is that I'll hit double-digits every time. That might bail me out a couple of weeks.Total DTs: 3 for 12
I do somewhat regret not getting 3 defenses, but in this contest you have to roll the dice somewhere. I do think if you go the 3-defense route, you can get away with 3 cheaper defenses, not sure San Diego was necessary for $8 with these other two.