Jamie Moyer is an upgrade over Gavin Floyd/Ryan Madson. At the start of last year the Phillies only had two reliable starters, Brett Myers and Cory Lidle (who was reliable but certainly nothing special).
Once Hamels came up from the Minors and endured some growing pains (IE: getting rocked) and they traded for Moyer their pitching rotation rounded out pretty well. I think maybe they brought Eaton in to give him a shot to stay healthy (because of he can stay healthy scouts still consider him to be a potentially dominant pitcher) and if he can't stay healthy it'll give them a chance to test the 5 spot with some of their minor league pitching prospects.
The Phillies have also been offering good money to these big free agents but not years and that's why they've been losing out. I don't disagree with the tactic either...8 years for a 30 year old Soriano? He'll probably be slow and have lost all of his power by the end of the contract. I'd still like them to attempt to trade for Manny or maybe Vernon Wells. Supposedly though (for whatever reason, he's been working hard or something) Gillick is backing off from trading Burrell and they're expecting him to return to his 2005 form, but honestly, who the hell knows?

