I never meant to imply that Ks are everything, but they factor in just like everything else. If you think Ks are meaningless in voting I can make the exact same arguement for just about every stat on the table (maybe not ERA, but every other one):
NOTE: This is strictly hypothetical and I do not believe in these arguements, I believe all stats should be evaluated to decide the winner...however:
Wins: I would argue that wins are situational due to run support and thus are meaningless in showing strict ability.
WHIP: I would argue that as long as I keep my team in it WHIP does not matter (Note: I actually believe WHIP is the most important stats of all). If a pitcher walked 3 guys per inning but Ked the other 3 and ended up not giving up any runs one could argue that WHIP is meaningless since no harm was caused.
BAA: I could argue that while the BAA is low, the hits that DO come could all be HRs or extra base hits. If a pitcher has a high FB/GB ratio and a high ERA but a low BAA that generally means that the hits he IS giving up go far far away.
As you can see, any stat could be made to look meaningless, but they all factor into a decision. Strikeout pitchers generally are able to get more guys out and thus can reduce BAA, ERA, and possibly WHIP, but Ks are by far not the only factor in determening a winner (Daniel Cabrera, Javier Vazques, Josh Beckett aren't winning Cy Young's anytime soon).
Sean Tracey has my apologies, we all know Ozzie Guillen is an idiot. I'm rooting for you!