I disagree, at least in theory. I think Vereen if he lives up to expectations can be far more than a 3rd down/change of pace RB. He can be a lead back. If he ever lives up to his potential, he could be a lead back.
Now, so far, he has obviously been a huge disapointment, but with injuries and a lockout I am giving him a pass this year. He might be fighting with Ridley, BJGE, or whoever is here for the starting role next year if he rebounds.
In hindsight so far the pick makes no sense because he hasn't given anything other than some pretty good runs in garbage time in a game. That said he still has a chance to redeem himself.