Ugh...
First of all, I'm comparing playing style. Conley plays very similarly to Chris Paul, who is a pure PG with brilliant slashing ability and shaky jumpshot. We are in DESPERATE need of one. And besides, CP3 went #4 in a MUCH weaker draft class. He would have gone somewhere between 8-10 in this year's draft.
Second of all, Rafer Alston? WTF? He's not a pure PG at all, he's a terrible slasher, a terrible shooter, and not a leader. Rafer's useless. Felton is a little better comparion, but he's more built for pure speed, while I think Conley is a higher IQ player and a better floor general. Again, different styles.
Third, I would have bet on being a lottery team in 08 even if we got Oden or Durant. That's what rebuilding is all about.