Our drafting has been more than fine the last 5 years. Since the 2007 draft, we've gotten:
Cherepanov (2007 1st round pick, projected first liner before his death)
Hagelin (2007 6th round pick, great value)
Del Zotto (2008 first round pick. Though he's frustrating at times, it was a good pick)
Stepan (2008 2nd round pick. Great pick, probably best of the round.)
Grachev (2008 3rd round. Had high value at one time, brought back another 3rd rounder so a neutral selection, even though we could have gotten a 1st at one point)
Kundartek (2008 late 3rd. Never played for us but has gotten time with WSH.)
Dale Weise (2008 4th round pick. Plays for the Canucks. Good value for the slot.)
Kreider (2009 1st round pick. Jury is out with how well he'll pan out but there's been major hype around him for a long time. This is the type of high risk, high reward pick that's required to get us top talent.)
Werek (2009 2nd round pick. Traded for Lindberg, who looks like he'll contribute for us as soon as this season.)
McIlrath (2010 1st round pick. No one is sure what we'll get at the NHL level but he could be the type of defensive, crease-clearing bruiser we've all been clamoring for.)
Christian Thomas (2010 2nd round pick. Not sure what he'll do as a pro but he netted us Danny Kristo, who's doing very well in the AHL and should get time with the Rangers this year.)
Yogan (2010 3rd round pick. People seem satisfied enough with his development. Considering the slot, pans out to be a decent pick at worst.)
Jesper Fast (2010 6th round pick. His development has been great. This looks like a great pick at this point.)
JT Miller (2011 1st round pick. Already an NHL quality player. Time will tell what kind of player we've gotten with Miller but I have high hopes.)
Brady Skjei (2012 1st round pick. Is developing fine, a good asset to have going forward)
Boo Nieves (2012 2nd round pick. Still early but has played great since being drafted.)
Considering the slots we've drafted at, we've done very well. We'll probably never get a top pick to get elite talent but as long as we continue to get good value with most picks, we'll be fine. You can use compiled talent to get a star. We used Dubi and Anisimov to bring us Nash. This doesn't even include a lot of our more recent picks where late rounders still have a chance to pan out. We get a couple of NHLers with each draft, that's all you can ask for.