Drafttek.com has an analysis of all the AFC teams based on if the player chosen was considered a value or a reach.

Catch it here: http://www.drafttek.com/2008ValueAFC.html

Viewed at from this angle- they rated the Dolphins as 2nd best in the AFC behind Kansas City- which is pretty good considering the # of picks tKC had, and considering you can't really get a "value pick' at #1 overall.  Our biggest steal was considered Merling at #32.

One surprising note- the biggest "reachers" were the Patsies.  End of a Dynasty?  More likely their scouting department is just better than a website's could ever hope to be. . .but it never hurts to dream.