Okay, so since the consensus around Cincy Jungle and among draft experts are that we will not draft a QB in the first round, what are the other options? Well there might be more than people think:
Andy Dalton, Greg McElroy...... I wouldn't mind spending a second or third on either of these guys since it would be nice for Carson to mentor a young rookie. Both of these players are proven winners at any level but due to their lack of arm strength are rated lower than say a Mallet or Locker. Dalton has excellent mobility and could become a Ryan Fitzpatrick-Drew Brees type quarterback. I think it all depends on what kind of offense the new OC will bring to the team.
Trading for Matt Flynn or Kevin Kolb could be possible as well. If Carson wants out no matter what, then either of these two guys could start without any learning time. Flynn will probably never get a chance behind Rodgers and his decision making and mobility are added bonuses. Neither of these guys have big arms but could fit well like Kyle Orton did in Denver if given the right system.
In conclusion I think that if we do not draft a QB high than taking Dalton in the second and trading a third and a sixth rounder for Flynn would be wise. Then Brown should just flat out cut Palmer, though since he is a penny pinching bastard I doubt it will happen. At least Flynn or Kolb are options since Brown isn't afraid of making trades for low-risk players.