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Rookie draft
Let's wait till mid-season and see how many guys available for drafting in round 5 would have been good picks.  From the previous year's rookie draft (which I wasn't in - this will be my 1st rookie draft) - it appeared like several good players were picked in the later rounds and then cut - eg Chris Singleton.
Maybe the problem is with the lack of capability to evaluate all the rookies rather than the lack of talent.
Five rounds of rookies does seem like a lot though.  My guess is there won't be too many teams keeping there round 4 and 5 picks when they have to cut to 27.  If so, then the last 2 rounds are useless, right?  Just include those guys in the FA draft.
Still, as I said, I'd like to wait till mid-season to evaluate the rookie draft.
Dave