I wouldnt play in an 8 man league, the competition just isnt the same. Its too easy and a player with knowledge or skill, doesnt get rewarded the way he would in a larger league. Personally I like 12 man leagues, but as was already mentioned, you dont want to have to start 3 RB's in a larger league.
So I guess I vote for the 10 man option
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Is an 8 team league even fun? Any know nothing/do nothing owner can walk in, draft off a cheat sheet, and win the league with their team.
I'm in a 12 team dynasty/auction league. I'd say 12 teams is the ideal size for a league. 3 divisions, 4 teams each. Each team can play division rivals twice and everyone else once in a 14 week season balancing your schedule.
I'm also in a 16 team draft league. This is for the serious competitor. You have to do your homework, because a magazine draft sheet will be useless by round 10. The art of picking sleepers is HUGE!