Come on! I am sure we can poke some holes in it!
I don't think he should have bothered picking "sleepers." The stat he leads with implies it doesn't matter who your QB is - everyone in the top 10 is more or less the same. Then his first recomendation is Daunte (ADP 42.8 on Yahoo, 33.1 on FFCalculator) as a "sleeper" who he claims will be "top 8".
His argument "patient-minded draftees who selected Carson Palmer and Tom Brady in Round 7 that were rewarded" is bad. First, Brady went in Rd 4 not 7. Second, Palmer went in Round 8 or 9 because few thought he would be that good that soon.
I don't agree with using his % difference between #1 and #10 stat to be the basis for everything. There are 5 or 6 great RBs each year who average a lot of points, but after that there isn't much difference between starters. Sure SA avg'ed 22.1 points per game and Mike Anderson averaged 11.8. But the difference between #10 Mike Anderson and #20 Brian Westbrook is 11.8 vs. 9.8. If Palmer is going to get you 16.8 points per game vs. Bledsoe/Brees/Roeth/Delhomme getting you 12.5, that's more an argument to go stud QB/WR in late 1st/early 2nd - the RB you get in Round 2 will be about the same quality as the one you could have gotten in Round 1.
A blanket "wait on QB" strategy is just as sketchy as a "draft Peyton in Rd1" strategy.