There are two different kinds of players being wildly undervalued this season. The first is filled with players who have established track records of solid performance and suffered a down year in 2011. Many of the greatest value in drafts will come from guys like this.
The other kind of player going far too late in drafts is the little-known player who was better in 2011 than people think and is therefore being passed over for more well known names in drafts.
These are the kind of late-round selections who can win fantasy leagues by providing, say, 30 home runs or 15 wins or 35 saves from the back end of the draft when other guys are taking Vernon Wells, Austin Jackson and Rick Porcello.