With the starters being announced Thursday (and the fans did a pretty good job picking them, for the most part), here's my picks for the benches for both conferences:
Eastern Conference
Starters: Dwyane Wade (even having missed several games, still an elite player), Jason Kidd (bad choice - guy's shooting under 37% and committing more turnovers than he has in 10 years), Kevin Garnett (completely rejuvinated in Boston), LeBron James (playing out of this world ball), Dwight Howard (Big Baby Jesus has officially arrived)
Reserves: Richard Hamilton (steady as always), Chauncey Billups (quietly having his best season ever), Jose Calderon (best player you've never heard of), Chris Bosh (even without his Youtube campaign he should be a lock), Caron Butler, Antawn Jamison (both guys picking up Arenas' slack quite nicely), Josh Smith (Hawks probably should get two in, but Smith has been a more complete player than Joe Johnson so far)
Western Conference
Starters: Kobe Bryant (still the league's best scorer), Allen Iverson (hasn't hit the wall yet at age 32), Carmelo Anthony (probably shouldn't be a starter, but definitely deserves to be in the game), Tim Duncan (might be taking a step back), Yao Ming (becoming the player the experts thought he would be)
Reserves: Steve Nash, Chris Paul (both no-brainers, Paul is developing into a perennial All-Star, and it's showing in New Orleans' 30-12 record) Baron Davis (has completely embraced the leadership role in Golden State), Carlos Boozer (a poor man's Charles Barkley now), Dirk Nowitzki (coming around after a rough start to the season), Brandon Roy (need to give a little love to Portland, Roy's developed about a year sooner than expected), Marcus Camby (tough call between him and Chris Kaman, but he's become such a force defensively you can't ignore him)