yeah, devalue sb's, they count as much as hits in your league, same with 2b's i would think that Ichiro is ultravaluable in your league because of the hits.
Plus this should make your projections ultra-easy, just calculate how many points each person will earn in your league instead of using formulas to determine value.
There are 3 ways to do things, the right way, the wrong way, and the Max Power way!
Pitching is certainly the way to go here. With 3 points per inning, and benefits to high strikeout counts and low WHIPs, you should be able to land at least 3 good starters if everyone else follows the hitters. The elite closers will be big too, but the days where they blow a save and lose is going to hurt (unless those can't be combined, but even then it's not good).
After that, your hitters simply need to be guys who get on base often, and preferrably have power as well. I would think Barry Bonds would be good in a league like this, being that he must get on base half the time he comes to bat with all of those walks.
I think the notion that saves are equal to wins is ridiculous and one of the major flaws of many points leagues. If you're using that scale, though, go for RPs. 10 per save is stupid-good.
I can tell that most of you haven't played in points based leagues.
Gagne is a monster in 800 point land but most closers have a tough time getting past 400. There are nights when you think your closer will have a 14 point night: