I don't know if anyone is interested in this, but Bill James and Rob Neyer came up with a formula to predict the Cy Young winner. I've put it in a spreadsheet. Its pretty self explanatory. The only questions might be the VB. VB is victory bonus. It's pro-rated in the actual formula. All you have to do is put 12 in the VB field for any pitcher, who is on a division winning Team. Example, All Cardinal, National, and Dodger pitchers would get a 12 in the VB field for being division winners/leaders.
I made it with Open Office, it's saved as an Excel file, if it won't work for some reason, let me know and Ill fix it.
Cy Young Predictor.xls