Good for Peyton. He really carried the Colts this year. Multiple 4th quarter comebacks. Had to bounce back from the knee. I definitely think he deserved it.
You can certainly make a case for a handful of other guys, but Peyton's unquestionably had an MVP caliber season. The Colts can't run the football, and that's had some impact on their play-action passing game...yet, Peyton's still guided them to 9 straight wins, a playoff spot, and has been fantastic down the stretch.