OK, so I'll talk about my draft though it was less impressive than Steeler's.
I started out with the 1.02 spot. I felt that I would end up with one stud (KJ or McG) RB and an iffy RB in Lee Suggs or maybe Rudi Johnson, and I didn't think I could take that risk. So I traded with the guy at 1.14 to get 1.14 and his 1.01 rookie pick, and I also traded back a bit in the third and fifth rounds. I took a lot of heat for that trade (I know what Otters is feeling right now

) but I felt that it was the right thing for my team.
I was hoping for S Jackson or T Bell at 1.14 (I would have preferred SJ), and I felt that the drop-off from KJ to them was easily overwhelmed by the value of the 1.01 rookie pick.
A few quick notes:
1) I think that in the MOX format, getting 4 starting RB's is absolutely key. If you can manage it, you are instantly a title contender, as long as you have even decent skill at WR and QB. I know that Couch Potato (who has been very successful in MOX I and III) and EBF (who is a much better talent evaluator than I, but not yet experienced in the MOX format) disagree, but that's the way I see it. I've seen too many championship teams get by with waiver wire scrubs at WR's and too many "stud" WR's fail to meet expectations to care much about WR.
2) I have a tendency to slightly overpay in trades. This is ironic I'm sure in that I'm the one who is loudly complaining about this other trade. I just feel that most trades turn out so lopsided in hindsight anyway that I am more interested in making the trade I want than in niggling over the small stuff. Penny-wise, Pound-foolish.
1.14 Tatum Bell, RB DEN
Like I said, I was hoping for Steven Jackson, but I was happy with Tatum. I think that both have a real good chance to be top 5 RB's, and I liked them both more than about half of the guys who went before them. I was concerned about the Jackson knee rumors, and also by Denver's tendency to go through backs, but I think it was a good gamble.
1.01 Rookie: Benson/Brown/Caddie, RB ???
Not being coy, I just don't know which one I'll take. I don't think any of them will be as good as Kevin Jones, but I do think they will turn out pretty good--I bet that next year the guy I choose will go 1.10 or earlier in the MOX VIII initial draft..
2.12 Lee Suggs, RB CLE
I really like this guy's talent. TO was gone, as was Rudi. I thought about a guy like Andre Johnson, but I just couldn't stomach burning a draft pick that high for a WR in a conservative offense with a mediocre QB who has never been in the top 10--no matter how young he is. I remember in the offseason some of Suggs' teammates were saying that he reminded them a little bit of Priest Holmes (not that CLE will ever be a Vermeil offense), and he looked great when I saw him. I was very down on Suggs for redraft last year because his schedule was absolutely brutal, but I think he's undervalued this year. And he's still very young; if he does well he could have a long career ahead of him. Plus I think that Winslow will help him and the Cleveland offense out a lot. I'm not overstating the case--he's not worth much more than 2.12, but I do think he's a lot better than the alternatives (McNabb being the possible exception, but I thought that I would get good QB value later. I was targeting Big Ben or Leftwich at 5.14, which didn't happen for a variety of reasons, but I still got good QB value lated).
3.14 Chris Perry, RB CIN
Roy Williams was gone, but Evans and Clayton were left. I really love both of these guys (and Roy, but I have real questions about his effort and his situation). I see them each as multiple pro-bowlers, and choosing one of them would have been reasonable.
I was planning to take Evans, and then snag Perry at 4.10. Perry was 6.11 in MOX IV and 5.04 in MOX V. The trend was not my friend, and the Perry rumors were heating up--I didn't want to miss losing out on him. I am a Michigan fan, but I thought he was pretty good, and I just don't see him sitting forever (even if he does sit this year).
4.10 Lee Evans, WR BUF
Clearly the best WR left, and there were no RB's left of note. I don't want to name names, but IMO this is the spot in the draft where a lot of garbage RB's get taken above excellent WR's. I think really highly of this guy--he has a real chance to be an uber-stud, even if he is only 5'11".
6.10 Marc Bulger, QB STL
Not a remotely difficult call at this spot. SOD. Young QB's are overrated this year in dynasty, IMO. Situation matters a lot more than talent for QB's (I'm sure EBF disagrees). Big Ben, Brady & Leftwich are all better QB's than Bulger, but none of them have Holt & Bruce on their team, or a pass-wacky head coach, or 8 home dome games per year. I won't even mention Carr--although I respect the guy who took him, I don't understand the pick at all. I don't see the logic in taking a young guy who you hope to eventually be a perennial top-5 guy when you can take a 27-year old who in fact is a perennial top 5 guy (or close).
Had Rogers been there I would have considered him. I think he is seriously undervalued this year (and I'm not pimping--I have him in only 1 of my 4 dynasty leagues).
7.02 Cedric Cobbs, RB NEP
His football team gets no respect

.
Seriously, I didn't like the WR's left that much (there were definitely some good ones like Bruce, and picking them would have been defensible). And I'm definitely not in love with Cobbs--but I am intrigued by his talent and with NEP's history of getting late-rounders to contribute. I thought about Davenport too, who is probably a better RB at this time. I would have been happy with him, but I just figured that the odds of Davenport going to another team and starting were small (but non-zero), and I can see Dillon getting injured before Ahman. Of course, Cobbs hasn't even managed to sew up the #2 position on his team I believe (I'm not sure actually).
8.14 Billy Volek, QB TEN\
Not thrilled with this pick. I probably would have taken him anyway, but I was also thinking hard about Reggie Williams and Calico who I thought would be available, but weren't. I was praying for the Pats DEF to fall but they and Plummer both went right before me. Everybody knows that Volek looked awesome in relief last year--but then so did Kelly Holcomb and Tommy Maddox. I was very happy about the Chow hiring, and I like Bennett/Calico/Mason a lot. Plus they are in a pass-wacky division. Fortunately I was able to get McNair later. Losman would have been a good choice too, but I wanted to at least have two starting QB's.
10.01 Kellen Winslow, TE CLE
I would like this pick more if he had a QB. I haven't watched Winslow much--I'm basing this in large part in the very high ratings he has gotten from scouts, esp. when you consider it is more for his catching than his blocking. In this format the top TE's usually go around rounds 5 and 6 (they count as WR), and I like his chances to be a top 5. Boston would have been a fair pick too: I like high-risk, high-reward.
10.13 Andre Davis, WR CLE
How in the world do I always end up with guys from Cleveland, which is clearly a fantasy graveyard? Anyway, I still think this guy has great talent. Most likely he will never put it together and be a stud WR but it is very possible.
13.XX Steve McNair, QB TEN
Good value where I got him. Probably a wasted pick though.
That's it so far. I'm happy with my team overall, given what I felt was my weak starting draft position. Had I traded better and been a little lucky, I probably could have ended up with the same team but Lamont Jordan over Lee Evans, but such is life. I don't have great WR's, but I think I'll get one or two decent ones via FA.
I have an outside shot to be a real good team this year--IF 1.01 is a stud, and IF Bell stays healthy, and IF Suggs wins the job, and IF Perry gets the job. With the exception of Perry, I expect each of those to happen, but the likelihood of all happening is pretty low, plus I'm not convinced that Losman will have a big year next year.
Fortunately I still have my #1, so that if I have a poor year I can probably pick up another decent RB next year.