The entire Colts organization, until just recently under Ballard, has been terrible at assessing and acquiring talent. They just so happened to suck in the same year that generational QB prospects have been the overwhelmingly correct 1st overall pick.
I do give them credit on not taking Ryan Leaf, who absolutely was considered comparable to Manning at the time.
There were still some hints of Leaf's poor work ethic, but he absolutely still would've gone high in the 1st round if not with the Chargers.
Evidently the Mannings agree that there was a level of competence required, since Archie orchestrated the Eli trade away from the Chargers.
Luck was considered only a moderately better choice than RG3, and I still think RG3 has at least an above-average career if the ACL tear doesn't happen.
Disclosure, Colts are 2nd favorite team, and I forgive them for resting starters in 2007.