I don't have a problem with Millwood coming back for another season for less money. He may be the best 4-15 pitcher in the history of the game. Also, by all accounts, he was well liked by all of his teammates.
If Millwood can give us at least 20 quality starts and eat a lot of innings in 2011, that would be an excellent (continued) stop gap for the rising young pitchers like Matusz, Bergesen, Arrieta, Tillman, Britton, Hernandez, etc. We're probably still a year away from contending for a playoff spot, anyway. Let's try to get a winning season next year (between 83 and 86 wins), and then we can reevaluate what we want for 2012 (that probably would not include Millwood).
COLTS, ORIOLES, BULLETS - 1971