I would only pursue Manning at this point of his career if my team were a QB away from a SB run. Although a healthy Manning would make us very competitive, we are still a year or two away from really laying the wood. With that being said, I won't be upset if we get Manning assuming that he is heathy.
RGIII is a very smart and athletically gifted QB that has every bit of potential that one would look for when drafting a QB. However, the cost involved in jumping up to get Griffin would certainly be prohibitive considering that there is a third option.
Flynn has shown exceptional capability and ability to execute in Philbin's offense while in GB. Philbin has as much knowledge of Flynn's capabilities, potential, and weaknesses as anyone in the league. Flynn will be expensive but not nearly as expensive as Manning and will not require any draft picks to acquire. Thus, the Fins will be enabled to improve their offensive line, pass rush, and possibly tight end and safety through the draft. This option keeps our draft and salary cap intact but is predicated upon Philbin being sold that Flynn is absolutely a franchise QB.
I do not think that it is possible to combine any two of these options as it would cripple the future drafts and/or salary cap for at least two to three years.
I also do not think that anyone in the Fins organization told anyone that Manning is their top target...that is BS media speculation. I wouldn't assume anything about Ireland's or Philbin's opinion of a player as they would have to be completely ignorant to tell anyone anything about who they plan to target, draft, or sign at this point. Also, they can't contact Peyton or really even comment on pursuing him as he is still very much under contract with the Colts.