All done, and it works great!
I love how fast it operates, wish I could get the bucket curl running that fast!
Valve body is a little messy looking, but works well. Nothing gets stretched or pinched, though I might add a long spring to pull the grapple hoses off to the side when the bucket is curled back, just to make sure they don't find their way between the bucket and the stops.
First test
Pretty much maxed out the tractor with this one
Just a quick video of it operating

[video]http://vid5.photobucket.com/albums/y193/ridefst/grapple/Video%20Nov%2014%202%2006%2022%20PM.mp4[/video]
Works great holding smaller logs on end too!
Didn't have anybody else to film it, so I had to hop off for a few seconds - I know, not the greatest idea, but I was so impressed with the speed we were cutting up these logs, I had to get a video

The saw is kinda noisy, turn down your speakers first.
I could probably get more of these cut out pretty reasonably if anybody was interested in purchasing a "weld your own" kit of plain steel pieces.
I know a lot of people can assemble and weld, but not so many people have the equipment to design and cut something like this.
I've got files for an excavator thumb as well, that I built a few years back.