I like Colston a lot, but I'm not ready to put him in the Fitz/Braylon tier yet. The lack of pedigree still scares me a little, and with Meachem and Bush there to steal catches, I just don't know if he will be long term #1 fantasy WR. He also lacks the top end speed needed to turn 8-9 TDs into 13-14. I tend to be down on him compared to many, but wanted to give a different perspective.
Here are the people I would probably draft before him:MossOwensWayneFitzEdwardsCJHoushThat puts him at WR8, and I guess he would lead my next tier of Welker, Holt, Roy Williams and Boldin. But the smallest thing over the next month or even training camp could drop him to that WR10 spot for me, but he could just as easily move up, I guess. I think he is doing an amazing job, but I can see last year being a "top out" point for him just as easy as I can see it being the next step.
I don't like Colston as much as some do, but I would definitely take him over both Housh and Owens. TO is 34 and is the type of player that will break down very quickly due to his physical style. Housh is the #2 WR on his team, and is better suited for that role regardless of whether Chad stays or not. Fitz, Braylon, Moss, Wayne, and CJ (whether it be Chad or Calvin) I agree with. I would also include Andre Johnson in that list, but after that it would be hard to say no to Colston, despite my lingering questions...