Bledsoe is a capable starter, heck, even a pro bowler in the right situation. however, a few things need to be there:
#1. A strong offensive line
#2. A very strong running game
Bledsoe is going to be at his best when teams are playing 8 in the box and it is man against 2 of the 3 wideouts. This has been drilled to death. Bledsoe would be an ideal starter in Denver, Dallas, Baltimore, and Kansas City. My personal expectation is that Bledsoe goes to Dallas for a 2nd/3rd rounder this year to replace Testeverde. Or maybe a Henry/Bledsoe package for Dallas 1st (not ours) and a 4th/5th. While Bledsoe can change games with his arm, but, since he cannot
#1. Dodge a blitz to save his life
#2. Makes horrendous decisions when rushed
Because Buffalo doesn't have the type of team that Bledsoe can thrive under, its time to send Bledsoe packing. To be honest, what this team needs is a mobile QB who can nullify the constant blitzing and make smart decisions on the fly. I'm not saying Losman is that guy, but it definitley should be looked at. Mobile QBs make their O-line look better and also reduce the number of blitz packages faced, so O-lines are less worn down by the 4th quarter.