I'm interested to see how this plays out long term ('cause I'm damn sure management isn't going to want to have to deal with this every year until 2011). As a Phillies fan, part of me thinks it's karma for the ownership being cheap over the past decade or so, and trying to act like they were under the same financial limitations as Kansas City or Pittsburgh.
The other part of me hopes that this spurs Howard on to continue performing the way he's been doing (hopefully cutting down on the strikeouts), and helping the Phillies make a deeper post-season run this year.
Keep in mind the number of times he's fallen off the wagon. I view it as a combination of investment protection on the Reds' part and Hamilton's desire to not fall into that same trap again like he has so many times in the past.