Great article in today's Wall Street Journal about "The Art of the Timeout." In my experience, timeout strategy varies depending on the team, players on the floor, opponent/opposing coach, game, and situation.
With the Warriors, our players that first year loved any new wrinkles we could create for shots and quick-hitters for guys like Gil Arenas and Jamison. The next year, our vets were good at executing after time outs. Plus, with Avery Johnson on the roster that year, we had an extra coach in the huddle.
Be sure to watch the video that accompanies the story.