The team looks pretty good. Weak in middle infield (not that there are a lot of offensive weapons available there). Your OF is high risk/reward -- all these guys are looking for comeback years. I think Wells will be a 30-20 guy this year, but won't hit above about .280. On that note, your team won't hit for great average -- IRod and Rolen will be over .300, but who else? I just don't see Casey repeating what he did last year.
Pitching looks good - I like Peavy, Sheets and Halladay to front your rotation. I disagree about Webb, but it's a risk you want to take. The Francis kid has a great arm, but I don't see him breaking out this year. Your bullpen looks pretty good (assuming Putz takes over for Guardado).
What I can't seem to figure out is who you used your first 2 picks on. If you took Rolen, I assume it was late in the 1st round which would give you an early second round pick. I'm hoping you didn't waste a #2 pick on Gagne. Anyways, I digress.
At the end of the day, I don't really see this team competing unless all of your hitters end up repeating their career years (and I think Rolen is the only one of the bunch you can count on 100%).
Please take a look at my teams:
http://www.fantasybaseballcafe.com/foru ... p?t=106622