I really like this approach to evaluate pitching; http://baseballanalysts.com/archives/2009/02/post_6.php
I think it hots on the most important things to be a effective pitcher, missing bats and keeping the ball on the ground. I do think that it lacks the element of control, but that can easly be added when you are evaluating each pitcher.
The link above shows you the stats from 2008 and helped me on who to target in 2009. Guys like De La Rosa, Jimenez and Jurrjens helped me tremendously last season.
I did the same analysis based on last years stats and this is what it looks like; http://spreadsheets.google.com/ccc?key=0AuEVlv44uoJMdDA1cXA5aTF1b2g1M3p2aEU3RnNEN3c&hl=en
. You will notice a few guys in the Northeast quadrant that may surprise you but make sense when you look deeper into their statistics. Based on these stats, I will be targeting guys like Chad Gaudin, Gavin Floyd, Brett Anderson, and Jason Hammel late in drafts and hope that a few of them produce like De La Rosa, Jimenez and Jurrjens did last season.
I will also be cautious with guys like Jeff Niemann, J.A. Happ, Edwin Jackson and Sott Kazmir.