I agree with pretty much 100% of what you say Bilbo. I love watching Floyd fight and I enjoy defensive-minded fighters as much as offensive-minded ones. I think most of the people who were hoping that Floyd would stand and trade with Oscar were the same ones who were hoping he'd get KTFO.
I think Floyd came in with a solid gameplan and executed it well. He also demonstrated that he has a decent chin, he took some clean shots from Oscar (One that sticks out in my mind was in the last 20 seconds or so), but it was Oscar who looked a bit stunned at times.
As far as Paquiao, he's an exiting fighter, a great fighter, but I'd rate him no higher than #3 P4P at best, and thats being generous.