I think these lists would be a lot more interesting if people did what Wizards did and grouped all the moxes together. That way, you get 4 more slots to drop stuff in.
Thinking about it again on reflection, I think Channel might be a little more busted than Black Lotus in T1. 3 mana of any color is pretty strong, but so is 19 colorless. Were it unrestricted, I bet some mostly green Belcher abomination would arise that used Land Grant, ESG, all the colored moxes and Chrome Sphere to make sure that you hit GG on your first turn, which would lead to a literal GG.
I don't agree its more busted than Lotus - but yes, that's why I put it in my list.
The best resource in Vintage is life. Anything that you can do to pay life is just insane simply becuase 20 life is so much in a format as fast as Vintage. That's how COmbo can get away with Casting Death Wish.
To answer matt's question: yes, LED doesn't require a tap to sacrifice. You can play it under Root Maze, etc and still use it, unlike Lotus. Which I have done at tournament before.