I think that this is the round where Buffalo goes after a quarterback. With so many teams needing a QB this year, the ones that could become quality starters are going to go quickly.
At this point, I project that Gabbert, Newton, Locker, and Mallett will all be off the board. There are still a bunch of quality options here though in Andy Dalton, Christian Ponder, Colin Kaepernick. It will entirely depend on which one the Bills like the best.
Andy Dalton has great accuracy and is a proven leader. He won throughout college, leading some great TCU teams into the national spotlight. He has solid mobility and can make plays with his feet. He did run the spread offense and will have to make the adjustment in the NFL. For me at least, nothing really stands out about Dalton. I think he will be a good, but not great NFL QB.
Christian Ponder is another option. His accuracy is impressive and his arm strength should at least be adequate. He played on Chan Gailey's South team in the Senior Bowl, where he had the best performance of any of the quarterbacks. He also has displayed leadership skills in college and played through injury. I certainly would not be upset if Ponder was the pick.
My personal favorite though, is Kaepernick. He has a similar skill set to Newton's and none of the concerns. He has a rocket for an arm and is a threat to run on every single play. He has performed consistently well during his career and almost single-handedly made Nevada nationally relevant.
The major problems with him is that he ran the Pistol offense in college and that he is awfully light for his height. The majority of the QB prospects in this draft will have to learn the pro offense so that doesn't particularly concern me, and he can always add muscle mass when he gets into an NFL strength and conditioning program.
I think the risk is worth the potential reward in this case.
Other Options: Kyle Rudolph, TE and Martez Wilson, ILB
My Pick: Colin Kaepernick, QB Nevada