With the #3 pick we take the best player available, with a strong consideration on needs. So that would leave out WR,CB and QB With all the evaluations of players being posted, it is safe to say we could take anyone of the top 12 players because they are all good all around players.
With the #34 pick. Trade to a QB hungry team for their 1st round pick next year
With the 3rd through 7th round again go BPA
In 2012 we have two first round picks to get Luck