I hope the kid lands somewhere but I don't think, or really want it to be with the packers. Cobb should be the KR/PR and for the right reasons. He has NFL speed and elusiveness. I watched videos of Shakey on youtube of him and college and he was getting run down from behind in almost every video I saw. Imagine how much quicker NFL players are going to run him down and/or get to him.
People who say speed doesn't matter and point to players like barry sanders, emmitt smith, desmond howard etc... are correct, it is not important when you are a very special player. All indications are that Smithson is not a special player.
Also, I think a lot of people get caught up in the need for a return man that is like devin hester or desean jackson when in reality its important to have someone who has great ball security and continually moves up field. That said, there is just not enough room for him on the roster with cobb there as well.
Go Pack Go