I think Giambi makes a great sleeper pick. Most people out there are soured on him because of the grief he caused last season. I drafted him in the 3rd round of a very deep, 20 team, Die Hard league last season and I kept him around until the last month of the year. I am one of the people that are very sour.
However, I don't believe his skills have diminished as far as last season's numbers would indicate. If he can come back in 05 healthy and in the Yankees lineup, I think he will surprise a lot of fantasy owners out there. I still can't project a 500+ AB season with any confidence, but I feel relatively comfortable projecting 400 AB for 05:
.277/.394/.504, 22 HR, 68 Runs, 78 RBI, 0 SB
We are what we repeatedly do. Excellence then, is not an act, but a habit.