I just got around to looking at the major league equivalence for Milone.
It projects (167 IP) out to 3.77 FIP, 1.23 WHIP, 6.74 K/9 (right about league average), 1.94 BB/9, and 0.81 HR/9. That's right, better than average FIP and WHIP along with a K/BB ratio better than 3/1.
Here's hoping for a dominant year at AAA (at age 24) and a potential #2/#3 SP showing up in 2012 along with Stras and JZ. Add in that he's a LHP and that starts to look really good.