This article has a similar problem that those who have super high expectations for Geno have. It treats Geno as a plain-vanilla, generic player whose future will be determined on the basis of the position he's taken in the draft and statistics based on that draft position. That said, it's an interesting analysis about draft value.
If people look at Geno Smith as an individual and determine that his talents warrant making him your starting QB, he absolutely deserves to be taken 1.1. Not everyone is convinced of that though. For example, I was listening to a ProFootballWeekly podcast this morning and their draft "experts" have Geno ranked as the 102nd player overall and the 6th best QB.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will