I have Reyes as one of my keepers in my H2H keeper league. Actually we get to keep 5 + 1 rookie/late round pick, and he is my rookie keeper.
TSN ranks Reyes as #41 in their top 300. I think that's a little high, especially since they rank him higher than Tejada and Jeter.
He's definitely an enormous talent, but I think there may be too much hype about him. I really see him turning into an Edgar Renteria type player. He could hit double-digits in HRs, but for the most part, he will be a 3-category player - avg, runs, sb
Art Howe is not known to run his players all that much so it will be interesting to see how many SBs Reyes gets. I think a lot may depend on whether he is batting leadoff or 2nd. I'd prefer to see Reyes lead off and Matusi hit 2nd, but some lineup projections I've read have it the other way around.