With the second pick in the draft, the Denver Broncos select: Patrick Peterson, CB, LSU

ClaytonW, Denver's rep gives his rational for the pick:

Best prospect in the draft.  I still think Philip Rivers is the scariest threat in the AFC West and having Champ, Peterson and Cox as CBs is fairly intimidating. Imo, this is a 'having Faulk doesn't mean you don't draft Jackson' kind of pick.  The dropoff at CB is much bigger from Round 1 to Round 2 than the dropoff at DT.  Denver also has 2 picks in Round 2.

I'd agree that Peterson is a great prospect, someone like Eric Berry last year (not playing wise, just talent wise). Eric Berry was probably the most talented player in the draft, but because of his position, was drafted at #5. Of course, with Champ Bailey getting older, this pick does fill a long-term need. But at #2, can you afford to make a pick like this? Clayton does argue that the draft is deeper for DT's, a position of need for the Broncos. I guess we will just have to see what's on Elway's mind.