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.
I'd say that's actually a bargain. 10 mil a year for someone with high OBP, HRs, and RBIs is a pretty good deal. He may strike out a little too much and doesn't hit for average, but you know what you are getting from him every year.