So many things wrong with this team right now, way too many to mention.
I'll go ahead and say hypothetically that good GM and coaching is in place...
2. Monster Center or stellar CB if available.
3. O-line (C, T or G)
4. WR or Fullback that loves to give punishing blocks.
5. Best offensive player available.
The problem is you can't just magically make a franchise QB appear in the draft like people seem to think. Geno Smith is the top QB in the draft and there is a very good chance he'll never turn out to be that great. You use a top pick on a QB and you're pretty well stuck with him the next 4-5 years losing because you've committed a top pick to him (just ask Rex Ryan). A draft as weak at QB as this one it may be best to try and trade or sign a FA as a temporary fix (Alex Smith, Vick, etc). It just sucks we didn't have this high of a pick last year. Somebody needs to figure out a way to blackmail Joe Flacco to signing with the Chiefs.