I think he's more valued as a returner unless his ability to catch has signifigantly improved. I thought he would fetch about a 4th so the Niners didn't do bad.
Good value for the Niners but I don't see him beating out Morgan for the 2nd receiver slot. I do see him possibly taking over JHill as the 3rd receiver but realistically - he'll probably just be a punt returner/kick returner.