Good point on the premium on the QB position. It's an insane premium, but it is reality.
I refine my comment from before: if Chad comes out early, he's a UDFA. If he stays for a full college run (is he a Junior, it's hard to tell with his transfers?), he will be a round 4 to 7 guy. At least that's what my water pitcher told me while I was writing a manifesto in my hotel room last night.