Here is my two cents. I kind of adopted the a NCAA philosophy for rankings. Give credit to what I consider quality wins or showings (close loss to top opponent or good fight out of weight class).
LIGHT WEIGHT DIVISION (155 LBS.)
Not really any changes here. I think the UFC LW might be slightly undervalued but hard to compare right now without many common oppenents. Sherk for example. Held his own with the top two in a higher weight class and vould be higher, but I think we need to see a few more fights out of him.
WELTERWEIGHT DIVISION (170 LBS.)
Would move Kos out, needs a quality win before getting in the top ten.
MIDDLEWEIGHT DIVISION (185 LBS.)
Would put A Silva at 1 and Lindland at 2. I think the manner in which he took the title gives him slight edge over Lindland. Agree with Franklin moving down. Got dominated and the only career wins you could even consider quality could be Evan Tanner.
LIGHT HEAVYWEIGHT DIVISION (205 LBS.)
Would probably keep Wanderlei at the top and Chuck at 2 for now but I think you can argue for days for the top 3 in any order. I Wanderlei some credit because he has a win out of his normal weight class (Fujita). Tito should not be so high. Has one career quality win (Silva) and that was so long ago, does not matter as much. I would move Babalu to 6, (career wins over SHogun and Horn) and move Tito to 9 or 10.
HEAVYWEIGHT DIVISION (up to 265 LBS.)
Arlovski is too high. SHould be down around 8 or 9 based on lack luster back to back losses to TS. I would move Vera down to 10 and move Hunt and Alejs up. I think he needs one more quality win before he moves up. Mir was a start, not because Mir is great any more, but Vera was very impressive. Don't think the top 4 can really be argued.