My choices for the award winners as of the mid season break.

American League:

MVP: Magglio Ordonez, Detroit Tigers

This one came down to Ordonez and Alex Rodriguez for me. Their overall statistical performance has been pretty close (They are #1 and #2 in the AL in OPS) but the big tie breaker is the fact that the Tigers have been excellent (1st place in the AL Central) while A-Rod's Yankees have very disappointing (1 game under .500 and 10 games behind the Red Sox.)

Ordonez is leading the majors in batting average at .367, he's leading the AL in OBP at .446, and he's also leading the majors in doubles with 35.

I can easily see this going the other way. Overall A-Rod's got slightly better numbers than Ordonez and he's on pace to hit nearly 60 homers. He's a third baseman while Ordonez is a RF. From a purely statistical point of view I think you have to go with Rodriguez but I do think with an MVP award you should at least consider somewhat the state of the team the player is on.

Cy Young: Dan Haren, Oakland A's

Haren is leading the AL in ERA at 2.30 and he's got a 10-3 record.

Other contenders include Johan Santana who is 10-6 with a 2.75 ERA and Josh Beckett of the Red Sox who is 12-2.

Rookie Of The Year: Jeremy Guthrie, Baltimore Orioles

Guthrie is only 4-2 but he's second in the AL in ERA at 2.74 and he's got a .207 BAA. And maybe most impressive he leads the AL with a 0.91 WHIP.

Other contenders for the AL Rookie of the Year Award include three Boston Red Sox rookies. The starting pitcher Dice-K who is 10-6, the 2B Dustin Pedroia who is hitting .318 with 21 doubles, and the relief pitcher Hideki Okajima who has a 0.83 ERA in 43.1 IP as a setup man.

National League:

MVP: Prince Fielder, Milwaukee Brewers

Fielder is leading the NL in homers with 29 and in slugging percentage at .620, he's also 2nd in RBI at 70. You combine these great numbers with the surprising Brewers being first place in the NL Central and you've got the easy MVP in my opinion.

Other contenders include the underrated Braves 3B Chipper Jones who is second in the NL in OPS. Ridiculously Jones didn't even make the All-Star team. Other contenders do NOT include Matt Holliday of the Rockies who Jason Stark of ESPN picked as his NL MVP thus far. Holliday's numbers are greatly inflated by playing his home games in Colorado. His home OPS is just short of 300 points higher than his road OPS. I just don't see how you can choose any hitter from Colorado as MVP unless the Rockies are having an outstanding year and the hitter is having an absolutely mind blowing year statistically. Holliday's numbers are far from mind blowing. He's 6th in the NL in OPS despite his numbers being artificially inflated by being a Rockie.

To further my point about Chipper Jones, Jones actually has a higher OPS on the road than he does at home (by almost 200 points.) I don't really see how you can look at Holliday's numbers in LF playing for Colorado and say they are better than Jones's playing 3B for Atlanta.

Cy Young: Jake Peavy, San Diego Padres

Peavy leads the NL in WHIP (1.06) and strikeouts (125) and he's second in ERA (2.19) for the Padres who have the best record in the NL.

There's plenty of solid competition in the NL for the Cy Young. Peavy's teammate in San Diego Chris Young is leading the big leagues in ERA at 2.00 and Brad Penny in LA is 10-1 with a 2.39 ERA.

Rookie Of The Year: Hunter Pence, Houston Astros

Astros CF Hunter Pence goes into the all star break leading the NL in hitting at .342, he's also 4th in SLG at .589, and he's 8th in the NL with a .956 OPS.

Pence is a true rookie. He's never had a single at bat in the big leagues till this year. Not only is Pence the front runner (by a long shot) for NL ROY, he also has the numbers to be an all star and I'd select him as MVP over Matt Holliday personally.