Interesting.. in this league, a guy with 190 hits and 40 steals as valuable as they come.
Don't get too caught up in the power hitters (Bonds, Vlad, Sosa, etc) as most of them can be nullified by guys like Ichiro, Crawford, and the like. However, the power hitters with many hits, such as Pujols, and comination of power and speed, such as A-Rod, still deserve to be picked first. I'd actually go for some stud pitchers early on and use the scoring equalities to my advantage, as a steal is as good as a homer in your format.
The odds of the AL MVP coming from the American League are looking pretty good.