All of the Luck vs. RGIII debate is unfortunate. It does a disservice to both players, though I suspect neither of them cares or even pays attention much. Bob Kravitz at the Indy star also poached from the NYTimes article to throw his hat in the ring with Luck (
http://www.indystar.com/article/20121025...210260318/). He notes that he has been on the Brady side of the Manning vs. Brady debate, so backing Luck is not 100% homerism.
I don't think we'll know which player is "better" until were a few years out. They're playing in very different circumstances, with very different support personnel surrounding them. Luck has Reggie Wayne, but RGIII has a strong run game.
IMO, the Colts offense is a bit too high risk-reward for the personnel to succeed in executing. When it's clicking, you get the drives like at the end of the Green Bay and the first couple against the Browns. But when it's not, there are a lot of three and outs and it seems like you slowly lose the field position game. All those deep throws relies on really good timing between Luck and his receivers, which I don't think has been developed either.
I would love to see Luck pull off a 8-8 or better campaign. The schedule appears favorable, but then again, they lost to the Jaguars and laid an egg against the Jets.