Since there's already a thread about the slam dunk participants, I thought I'd create one about the three point shootout, which unlike the dunk contest still has a good format.
The participants:
Pat Garrity, Orlando
Wesley Person, Memphis
Brent Barry, Seattle
Peja Stojakovic, Sacramento
David Wesley, New Orleans
Antoine Walker, Boston
I think Peja stands a good chance at defending his title, though Person came close last year, and would probably be my other pick.