Probably better then you think. Mostly Belichick likes to trade draft picks to pick up a WR and sign FA WR. 15 years of drafting and we complain about Bethel Johnson, Brandon Tate and Taylor Price but then we got Givens, Edelman, Slater in later rounds.
2001 No WR drafted. Top receivers on Roster were Troy Brown, David Patten and Terry Glenn
2002 Deion Branch 2nd round, David Givens 7th round. Top receivers Brown, Patten, Branch
2003 Bethel Johnson 2nd round Top receivers Brown, Patten, Branch
2004 P K Sam 5th Top Receivers Givens, Patten, Branch (Brown slipped to 4th)
2005 No WR drafted Top Receivers Branch, Givens, Brown
2006 Chad Jackson 2nd Top receivers Cadwell (FA), Brown, Gabriel (trade)
2007 No WR drafted Top receivers Welker (trade), Moss (trade), Stallworth (FA)
2008 Matt Slater 5th Top Receivers Welker, Moss, Gaffney (FA)
2009 Brandon Tate 5th, Julian Edelman 7th. Top Receivers: Welker, Moss, Edelman
2010 Taylor Price 3rd. Top Receivers: Welker, Branch (trade), Tate (Note: this is the start of Gronk and Hernandez receiving more catches. The 3rd WR is less important)
2011 No WR drafted. Top Receivers: Welker, Branch, Johnson (trade)
2012 Jeremy Ebert 7th. Top Receivers: Welker, Lloyd (FA), Edelman
2013 Dobson 2nd, Boyce 4th. Top Receivers: Edelman, Amendola (FA), Dobson
2014 Gallon 7th. Top Receivers: Edelman, LaFell (FA), Amendola
2015 No WR drafted