I really like Weeden. He's still a rookie but I think he has a lot of potential. Whether or not he develops into a franchise QB, I think he'll at least serve as a serviceable QB for 3-4 more years for the Browns.
I know some might not agree, but if I had my way, we'd use Weeden for 3-4 years assuming he continues to improve, and build the team: hopefully finding a good WR, filling in the pieces that we're still missing, and then when the time is right draft another QB, who is younger and shows more potential.
I personally am not thrilled by Gino Smith.