I really think Brett Favre deserves this award in a big way. Remember how pitiful he looked in his preseason games? He wasn't throwing passes for more than 6 yards. Now he is throwing the ball so well that AP doesn't get very many carries.
Brady is Comeback Player of the Year
I might have jumped out the window if Brett Favre won any award. He has been talked about too damn much. If he gets the MVP over Manning, I hope there's a cushion down there.
I think 1 year is good enough to get you on the field, but it takes longer than that to get to 100% -- and that 100% is rarely as good as it was prior to the tear. It's a shitty injury (speaking from experience). It helps a little that he is a pocket passing quarterback, but still really significantly affects planting, pushing off, and changing directions.
I feel really bad for Welker, who lives off the quick plant and direction change.