Thoughts and outlook:
PG - Snyder has a distinct advantage over LaCombe for the time being, with athleticism being a very important rating, regardless of the position. I think that more than offsets the slight advantages LaCombe has in stamina, defense, perimeter shooting, and FT shooting. Plus, there aren't any abiding promises to start LaCombe this year. The two will probably split time evenly, with LaCombe acting as an extra starting-quality player so there is little-to-no-let-down at the PG position throughout every game.
SG - Russo is a better all-around athlete than Simpson, who is best suited to be an off-the-bench spark as a 3-point specialist. Hodges should have redshirted last year and would be well served by agreeing to a redshirt this year. There will be next-to-no playing time available for the sophomore backup.
SF - McLean's defense should keep him in a backup role, in spite of his fine shooting. Nelson will continue to improve and should be a fine SF by the end of the season, although he'll likely never be anything but an afterthought on the team, cleaning up through hustle and defense.
PF / C- Christopher Bruce should come into his own this season. He's got good ability across the board for PF, though he could shoot FTs a bit better; the team may keep him around for another season, due to his freshman year being spent on the bench as an academically ineligible recruit. Sheldon Dixon gives a polished, albeit limited, senior presence at the C position. Christopher Warren provides excellent quality depth for both front line positions; he should make a top-notch 6th man, and will continue to develop into a star. James Donahue will play the same role as Christopher Warren, just one spot lower on the depth chart for both PF and C.
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This team looks excellent to me. I think they have the capability to win the National Championship this year. Christopher Warren could conceivably take over Sheldon Dixon's starting spot by the time the postseason rolls around - but for the time being, the team needs the low post presence of the senior - and Nelson could become very valuable (as a garbage-man, though, the traditional role in many offenses for the SF).
In my opinion, Michigan State outgrows its youthful jitters from last year and asserts itself. There is no way that the squad should miss the NT, and I think it should be able to go head-to-head with anyone.
[edit, 6/3/09:]
The academically ineligible PF went to JuCo, and the team is ranked 15th in DI, to start out the season.