Improved FIP

The benefit of FIP is that it takes into account how well a given pitcher pitches regardless of the defense behind him. The drawback, in my eyes, is that in only taking batted balls in the form of HR's into account, it doesn't tell the whole story.
The following formula takes into account all batted balls, and is, in my opinion, a much better metric.

[((FB-HR)*1.85121)+(LD*2.745645)+(GB*.56001)+(popups*.076)+(HR*6)+BB+HBP-K]/IP

Ratings for pitchers w/>100 ip's in 2008:
1 Joba Chamberlain
2 Tim Lincecum
3 Rich Harden
4 C.C. Sabathia
5 Brandon Webb
6 Edinson Volquez
7 Roy Halladay
8 A.J. Burnett
9 Chad Billingsley
10 Derek Lowe
11 Ryan Dempster
12 Jake Peavy
13 Ubaldo Jimenez
14 Ervin Santana
15 Cliff Lee
16 Dan Haren
17 Tim Hudson
18 Daisuke Matsuzaka
19 Felix Hernandez
20 Johan Santana
21 Clayton Kershaw
22 Jon Lester
23 Josh Beckett
24 Jorge De La Rosa
25 Scott Kazmir
26 Jonathan Sanchez
27 Zack Greinke
28 Seth McClung
29 Cole Hamels
30 Roy Oswalt
31 Javier Vazquez
32 Randy Johnson
33 John Danks
34 Wandy Rodriguez
35 Chris Sampson
36 Ricky Nolasco
37 Justin Duchscherer
38 Jair Jurrjens
39 James Shields
40 Paul Maholm
41 Ben Sheets
42 Carlos Zambrano
43 Brett Myers
44 Shaun Marcum
45 Gil Meche
46 Matt Garza
47 Mike Mussina
48 Manny Parra
49 Adam Wainwright
50 Hiroki Kuroda
51 Ted Lilly
52 Fausto Carmona
53 Doug Davis
54 Scott Baker
55 Oliver Perez
56 John Maine
57 Andy Pettitte
58 Justin Verlander
59 John Lannan
60 Mark Buehrle
61 Jered Weaver
62 Dustin McGowan
63 Andrew Miller
64 Kevin Slowey
65 Chris Young
66 Carlos Villanueva
67 Mike Pelfrey
68 Randy Wolf
69 John Lackey
70 Matt Cain
71 Jose Contreras
72 Dana Eveland
73 Aaron Cook
74 Armando Galarraga
75 Andy Sonnanstine
76 Bronson Arroyo
77 Jorge Campillo
78 Joe Saunders
79 Cha Seung Baek
80 Todd Wellemeyer
81 Jeremy Guthrie
82 Gavin Floyd
83 Johnny Cueto
84 Jamie Moyer
85 Jesse Litsch
86 Boof Bonser
87 Sean Gallagher
88 Ryan Rowland-Smith
89 Kyle Lohse
90 Dave Bush
91 Micah Owings
92 Tim Wakefield
93 Vicente Padilla
94 Luke Hochevar
95 Jason Marquis
96 Kyle Davies
97 Greg Maddux
98 Greg Smith
99 Joe Blanton
100 Braden Looper
101 Odalis Perez
102 Mark Hendrickson
103 Zach Miner
104 Jo-Jo Reyes
105 R.A. Dickey
106 Jeff Francis
107 Nick Blackburn
108 Tim Redding
109 Nate Robertson
110 Aaron Harang
111 Edwin Jackson
112 Brian Moehler
113 Barry Zito
114 Pedro Martinez
115 Darrell Rasner
116 Fausto Carmona
117 Jon Garland
118 Scott Olsen
119 Kevin Millwood
120 Zach Duke
121 Garrett Olson
122 Sidney Ponson
123 Scott Feldman
124 Daniel Cabrera
125 Brandon Backe
126 Jarrod Washburn
127 Jason Bergmann
128 Adam Eaton
129 Joel Pineiro
130 Jeff Suppan
131 Kenny Rogers
132 Tom Gorzelanny
133 Jeremy Sowers
134 Brian Bannister
135 Carlos Silva
136 Paul Byrd
137 Miguel Batista
138 Glen Perkins
139 Livan Hernandez
140 Kevin Correia
141 Kyle Kendrick
142 Brian Burres


Nothing groundbreaking or mind-blowing, but useful I think.
Note: I couldn't format the output right, but there are the rankings.