The Packers signed Smith despite the poor workout he had for the team. "During the workout, you could tell he had been out for a while," said Packer vice president Mark Hatley. "Throwing to a new group of receivers is difficult. But the talent is there. He's a good, young prospect."
In some ways, the Jets might be better off without Smith. He is need of a lot of tutoring (and we mean a lot), and you have to wonder how much time the Jets coaches would have for him. Jets offensive coordinator Paul Hackett's main focus has to be on Chad Pennington, still a young quarterback who is moving up the growth curve. Also, remember the Jets picked a quarterback in the sixth round (Brooks Bollinger), who Hackett pushed the team to pick. Hackett has and will be spending quite a bit of time with Bollinger.
If Smith came to the Jets, he might have turned out to be the Jets #4 quarterback, and you know he wouldn't have been happy in that role, and he was a malcontent, at times, with the Bengals. And if the Jets kept four quarterbacks, they would have to short-changed another position like wide receiver or linebacker with one less body.
One other negative aspect to signing Smith at such a late date is that he has a lot of catching up to do. Signing in mid-June is tough for a quarterback, especially one who is relatively inexperienced. You wonder if he be ever will be up to speed this season. Smith could have used a full-offseason to get acclimated to a new team and system.
So while the Jets lost out on Smith, they certainly aren't devastated by the news.