My favorite teams are CavemanDoctor's, Netsfan's, WakeUpMrWest's, ChipaDub's.
Least favorites: blackhawk's, TheJordanRulz's, saldogg's, evoII's.
My round evaluations:
Round 1
Best: Arenas.
Worst: Besides Brand, Amare Stoudemire! Taking him over D-Wade! What was I thinking!?

Nah actually I'm glad with my pick, but from an outsider, I'd probably say Stoudemire and LBJ over Wade was the most puzzling.
Round 2
Best: Caron Butler taken with the 21st. He's still so young and he ranked 14th last year. Yes... 14th!!!!!!
Worst: Durant.
Round 3
Best: Carmelo Anthony. He's so young and already ranked 37th last year.
Worst: Al Jefferson. Basically taken on what he "could" do, and I'm not one of those 'reaching for potential' type of drafters. Could turn out to be a good pick, though.
Round 4
Best: Kevin Martin. I really don't think last year was a fluke.
Worst: Dwight Howard. Ewwwwww! Ditto for Baron Davis and Allen Iverson. Bunch of roto killers in this round.
Round 5
Best: Tyson Chandler.
Worst: Tracey McGrady. Jermaine O'Neal. Say hello to the over-hyped squad.
Round 6
Best: Mehmet Okur. I wanted that pick!
Worst: Gordon.
Round 7
Best: Raja Bell. The Bell tolls for thee. Did you know Raja Bell gets carte blanche at all the Taco Bells in the greater metropolitan Phoenix area? True story.
Worst: Peja. Say hello to the future Allan Houston / Jalen Rose / anyone who played for the Knicks but never actually got to play for the Knicks after they signed a huge contract. Add Grant Hill to the list, too. Basically what I'm saying is Peja will be coming to PHX at some time in the future for next-to-nothing.
Round 8
Best: Brad Miller, Stephon Marbury, Krstic. Good round overall I think.
Worst: Felton. Say hello to mini-Baron Davis.
Round 9
Best: Boris Diaw.
Worst: Jamal Crawford. Proud member of the roto-killer squad.
Round 10
Best: Bobby Simmons. Delonte West. Jose Calderon. Villanueva.
Worst: Mourning.
Round 11
Best: Drew Gooden. Jeff Green.
Worst: Perkins and Pachulia. Boy, some people were really stretching here...
Round 12
Best: Millsap. Marvin Williams. Anal-probe. er, I mean Sam Cassell.
Worst: Head.