This one's for the team: Null is bad.

Null is bad because it allows errors to float around the system for quite some time before you get any symptoms (like bloody logging code falling over), and well behaved code fails fast, near the source of the problem. Mike gives some other nice examples of fail-fast code, like building stub test cases containing a single Assert.fail("Test not yet implemeted."), so you can't forget to build the test case, and having unimplemented methods in your mock objects throw runtime exceptions, so it's obvious if they get called.