Here's the thing. No one really knows how the compensatory pick works, so the addition of Fitzpatrick might not cost us a pick, especially at the price we've paid. If it does then how bad a move this is depends on what pick we lose. If it's a 6th or 7th rounder, I'm not overly concerned; if however it's a 3rd or 4th, then I'd be annoyed.
With that said, it is hard to imagine this team heading into the season with Falk and Rudock. Yes as fans it might be interesting to see who comes out on top, and how good these can be. But realistically it's a hard sell for anyone paying their hard earned going to watch. Granted Fitzpatrick isn't exactly a reason to attend, but the offense should fit better with him under center unless we've got a diamond in the rough.
The other thing to consider here is there's no guarantee he will start. If there's an open competition maybe one of the youngsters wins the job and he backs them up. Or maybe we draft someone in the first round or day two (e.g. Grier) and they land the job. It's early days to anoint Fitzpatrick our starter.