I have him on both of my teams. Got him at the end of the 1st round. I had him last year, and I really wanted him this year. I was happy I ended up drafting late in first round both leagues so I could get him without feeling like I was reaching.
It IS just a week into the season so far, so let's not get ahead of ourselves though.
From what I've read about Bonds so far, he really hasn't looked that good. A lot of people seem to think that his knees are really limiting him, even to the extent that I read an article the other day questioning whether or not he can hit 48 more homers to break the record.