No, relax, this does not mean Michael Vick is in trouble. The Philadelphia Eagles are committed to Vick as their quarterback for 2012, and their hope is that he and the team play well enough that they can comfortably remain committed to him for 2013 and beyond. But Vick is turning 32 in June. And he does have a habit of missing games with injuries. And his current backups are Mike Kafka and Trent Edwards.
Fundamentally, though, this is a pick about Eagles coach Andy Reid and the way he feels about the quarterback position. Reid does not believe there's such a thing as being too deep at that position. He also believes that he and offensive coordinator Marty Mornhinweg can develop quarterbacks and get the best out of them. So here comes Nick Foles, who may someday be Vick's replacement or may be a better 2012 backup than either of those other two guys or may someday be a guy they can trade for something of value because quarterback is so important a position in the NFL.
Foles is a 6-foot-5, 243-pound monster with the physical tools to develop into a very good NFL quarterback. He's also a polished thrower with a strong arm who has a reputation for handling pressure well. It's entirely possible that, after a full offseason program and training camp, Foles will be a more appealing backup quarterback option than Kafka, even though Kafka has been in the Eagles' program for a number of years now.
Again, it's a hedge on the future and the present, an infusion of depth at the most important position on the roster. The Eagles used their first three picks of this draft to improve their defense, and while quarterback wasn't a crying-need pick for them, they are run by a coach who believes you can never have enough at that position. So to no one's surprise, they used one of their Day 2 picks on a quarterback.