One area of MLB 2K11 that looks to be producing reasonably good results is the Franchise mode sim engine. I went through and simmed a single season and outside of one questionable trade the developments looked to be generally plausible and the stats realistic. Continue on for some screens from the mode including standings, stats, and awards winners.
All-Star Starters
Yes, the All-Star game went 18 innings. Also it was managed like a regular game.
Trades
Top of the Standings
Top Stats
Awards
Postseason Results