Aaron Gleeman is going through his annual Top 50 prospect list and Philip Hughes comes in at number 38. No more information here than what's already been said before but hey, if this many people are this high on the kid, we as fans can get a little excited, right? Here's what Aaron had to say (emphasis mine):

This is a bit of a stretch for me in that I typically try to be overly cautious when it comes to pitchers who have yet to get past Single-A. However, Philip Hughes' combination of size, stuff, and early results is just too much to ignore. A 2004 first-round pick out of a California high school, Hughes tossed five scoreless innings in rookie-ball after signing and then began last season at low Single-A. He went 7-1 with a 1.97 ERA in 12 starts there, striking out 72 batters in 68.2 innings while walking just 16 and limiting opponents to a .192 batting average. He then moved up to high Single-A and kept dominating, going 2-0 with a 3.06 ERA, 21-to-4 strikeout-to-walk ratio, and .140 opponent's batting average in 17.2 innings.

Hughes is the youngest pitcher in this top 50 and has as much upside as anyone, but he's also the only pitcher who hasn't advanced past Single-A. He was also limited to just 86.1 innings in 2005 because of shoulder problems, which means he'll have to stay healthy for a full season and continue to have success against more experienced competition before I get completely caught up in the hype. Until then I'll stick with this ranking, which will either be way too low (if he stays healthy and keeps blowing hitters away) or way too high (if he struggles with the same obsticles other top pitching prospects have had trouble getting past once they reach the upper minors) by this time next year.

I'd check out the rest of the list as well. There won't be any more Yankees prospects on that list but reading Aaron's work is always pretty interesting.