Thinking about it more, not sure a team drafting No. 1 gives up Luck for AJ. Even if the Rams end up with the No. 1 pick, I see them trading Bradford more than Luck. Colts would draft him and have Peyton mold him. Any other team that bad, like Miami, needs a QB more than anything else. You need to blow them away to give up on drafting Luck to appease the fanbase and owner who wants something "revitalize the franchise." I would almost think you would need to give up something like AJ and Foster for the No. 1 overall pick this year and a 3rd round pick the following year to even be in the ballpark.
From everything I've heard/read he is as close to a sure thing as we've had since John Elway. Franchise QB? Ya, I'd trade Dre. Reluctantly, but i'd do it.
I think this was purely a hypothetical - there's no way in hell any team is going to trade Luck for AJ straight up. If they do trade Luck, it will be for an incredible haul of picks and/or young talent - not a 30+ yr old great receiver who's developing a bit of an injury history.