Indianapolis Colts: B+
The Indianapolis Colts came into the draft knowing exactly who their selection would be. Essentially, there was only ever two potential picks that the Colts would make, and they stuck with the early consensus pick, taking Andrew Luck and anointing him as their next franchise quarterback.
After picking Luck, Ryan Grigson went to work, trying to give Luck some weapons to work with in an effort to ensure his success as a rookie. Those weapons included TE Coby Fleener who is also from Stanford, TE Dwayne Allen, WR T.Y. Hilton, and WR LaVon Brazill.
The Colts have a lot of young pieces on their team, but they all revolve around Andrew Luck. His level of success will determine how successful the above mentioned draftees will be in the NFL which is why I only gave the Colts a B+. You may say that Andrew Luck was the obvious pick for the Colts, but that doesn't change the fact that he was the right pick. The only major downside to Grigson's inaugural draft is that it puts all of the Colts' eggs in the Andrew Luck basket. There's a lot riding on Luck's success in Indianapolis.
Jacksonville Jaguars: A-
Using baseball terms, the Jaguars hit a homerun, a triple, and a solid double with their first three picks of the 2012 draft. The Jaguars sacrificed their 4th round selection to move up two spots in the first round to snag Justin Blackmon, the first true #1 receiver they've had in Jacksonville since the days of Jimmy Smith. That pick should allow Blaine Gabbert to spread the ball around to his other receivers as well as Blackmon, leading to more success from the Jaguars' passing attack.
From there, the Jaguars drafted DE Andre Branch in the second round and P Bryan Anger in the 3rd round. Branch is a pass rusher that the Jaguars will put to work immediately. The hope is that he's the final piece in what could be one of the better defensive units in the NFL. Bryan Anger is a pick the Jaguars have caught a lot of flak over, but I really like the pick. Taking a punter is a safer pick than taking virtually any other position in the draft, and if he can indeed change field position as well as many think he can, he's definitely worth a 3rd round pick.