I'm going to split this into two sections: who will win, and who I would vote for.
My choice: Miguel Cabrera. Me = within a 50 mile radius of Rangers Ballpark. You = quick to call out a homer. You = right. Josh Hamilton = incredible player. Miguel Cabrera = just a little bit more incredibler (plus I won't be a homer for picking him).
Winner: I have no clue. Everyone on TV says Josh Hamilton will win, but Cabrera is having a better year. I don't know.
AL Cy Young
My choice: The goal of the pitcher is to win games. For C.C. that's easy... he's a Yankee. But some, that's not so simple. Felix Hernandez's stats are incredible. But...
Winner: ...not incredible enough for traditionalist voters. They're going to take C.C. Sabathia's wins over King Felix's deserving stats.
My choice: Austin Jackson's strikeout total doesn't make him deserving of the ROY award. And I disagree with Martyn about a Tiger winning this award. I pick Neftali Feliz
Winner: ...and I think the voters will too. 3-3 with 37 SVs. ERA under 3.
My choice: Joey Votto has led this Reds team to victory over who? Albert Pujols. Yeah... THAT Albert Pujols.
Winner: I think the voters will agree. Carlos Gonzalez is another great candidate. Joey Votto as well.
NL Cy Young
My choice: Roy Halladay. 2nd in leading candidates, ERA wise. Has 20 wins, tied for 1st. He's a huge force. He's scary.
Winner: Roy Halladay. This will be an incredibly close vote. Ubaldo is having a breakout year, Wainwright has a great WAR (or is it WAP...), but I believe Halladay will prevail.
My choice: Gaby Sanchez. He's so consistent, and has better numbers than Posey.
Winner: Posey. The dude helped a playoff team, Sanchez didn't. Voters like him more.