As I stated last week, I'm ok with what I've seen from him with the limited opportunities he's gotten, but the opportunity just isn't there to justify where FBGuys had him ranked. As a 7th or 8th round pick with late-season upside, sure, but most people drafted this guy in the 3rd to 5th round if they drafted within 2 weeks of the season starting, when the FBG-hype was at it's peak.
To me, his upside for redraft at this point looks to be Benjarvus Green-Ellis-lite: kill-the-clock mode for a high-powered passing offense that throws 75% of the time in the redzone. Of course, he's still splitting redzone touches with Thomas, which makes his upside even lower than BJGE. BJGE average 63ypg and scored 13 times last season.
With 13 games to go, I think a 65/35 yardage and TD split between Ingram and Thomas is a realistic projection. Expecting an average of more than 100ypg on the ground from this team is overly optimistic, from what I've seen. Give Sproles 15-20 of those yards and that leaves 80-85 for Ingram/Thomas, which leaves Ingram averaging about 50ypg and maybe 7-8tds. 800 total yards and 8 or 9 TDs with no role in the passing game was good for about RB30 last season.
To reiterate, Ingram looks like a good player, but barring an injury to Thomas, I see no way this guy even approaches low-end RB2 numbers, which makes him a good bet for being labeled a bust for where most folks drafted him.