I play in the Poker Champs freerolls a lot too and my general strategy is to play somewhat tight for the first 2-3 levels, but not to the point where I only see 5 flops I'm not blinded into. Usually I like to have at least 1,500 after level 3, from there on I'll play more aggressively and try to accumulate as many chips as possible until the playing field is really narrowed down. If I have a nice chip stack with ~40 left I'll usually start playing super conservative until I hit the top 20. At that point you usually have to start getting aggressive or the blinds will eat you alive.
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