I'm guessing the big issue for a lot of people w/ that Cleveland outfield was simply lack of depth - they're a full 500 or so at bats short this year and moving on, because they have so many partial season guys who end up elsewhere. Manny is a stud, and Lofton a great complement, but I imagine people were worried about literally not being able to fill that 3rd outfield spot even this season.
I'm relatively happy w/ the Angels outfield at 25m - obviously it's not so hot long-term, but both defensively and offensively it's so fantastic for the first season - all three starters have excellent range and they also kick in a combined OPS over .900 with 2000+ PA. Add in a great 4th outfielder in Palmeiro (.395 OBP) and I have the foundations of a championship lineup for the first season.
And they aren't too terrible going forward either - through 2003 I'll have a solid enough hitting/fielding outfield lineup. Erstad fizzles at that point, and Salmon becomes mostly a DH for his last couple seasons, but Anderson is a solid enough 2nd/3rd outfielder through 2009. All in all I don't think 25 mil was too bad for this group, but I am depending on having a healthy amount of success in the first season to make it worth it.