Chambers is quite a bit overrated right now. The guy makes some amazing plays, but his career high in receiving yards is 1118 and he only caught 48.4% of his targets last year. Culpepper should help, but he's looked like an average QB without Moss.
Chambers will still have some big games and make some big plays, but I sure wouldn't take him over Hines Ward. I probably wouldn't take him over Donald Driver or Santana Moss either.
He has had 11 tds in two of the last three years, this with absolute scrubs at QB. Once Culpepper gets back, he should be able to at least duplicate that. Culpepper throws a good deep ball and knows how to throw the jump ball well in the redzone. Chambers is NOT overrated. He'll increase yardage and at least stay the same in tds. Chambers
Driver
Wayne
Ward
Moss
2005:Chris Chambers - 166 targets - 82 catches, 1118 yards, 11 TDs
Donald Driver - 145 targets - 86 catches, 1221 yards, 5 TDs
Santana Moss - 134 targets - 84 catches, 1483 yards, 9 TDs
Hines Ward - 115 targets - 69 catches, 975 yards, 11 TDs
As you can see, Driver and Moss had more catches and receiving yards than Chambers despite having at least 20 fewer targets.
Ward had less yardage and catches, but had more TDs and a much higher yards and catches per target average.
I think of Chambers in the same way that I think of Eli Manning. His huge number of opportunities last season largely obscured the fact that he really wasn't that effective. If he's going to maintain his elite status from 2005 then he's going to need a lot of targets and/or he's going to have to improve his yards per target average.
I think there's some cause for optimism now that Culpepper is around, but I still think we're likely to see a dip in Chambers' numbers.