The trendy thing here in the Cafe seems to be bashing Yahoo rankings, along with anyone who so much as looks at them. Now, the "O-Ranks" are subjective and ridiculous, but the in-season Y! ranks seem to be pretty useful.
Everyone needs to understand the difference between evaluating how well a player has performed versus how good a player is. Is Chris Young really the 69th best player in baseball? No. Has he contributed the same numbers you'd expect from the 69th pick in a draft? Yes.
Basically, I think people need to stop freaking out whenever someone uses the word "Yahoo" and "Rank" in the same post. If you are stating Chris Young has been surprisingly effective this season, his 69th rank in Yahoo is solid evidence. If you’re stating Chris Young is an elite pitcher because of his 69th rank, that’s a crazy argument.