I've always argued that stars(to some degree) do matter. Now this isn't the college game, but the percentage of each speaks volumes. Yes, more 3-4 stars may be drafted each year, but the percentage on the amount of those players is significantly higher. I had to redo the chart so it'd work on this forum. This also only overs the first 3 rounds.
http://www.athlonsports.com/college-football/13422/nfl-stars-how-recruiting-translates-to-the-draft NO. in each class | No. drafted in '08 | Percent drafted
5* | 25-30 | 12 |
40-48 4* | 275-325 | 30 | 9-11
3* | 700-800 | 29 | 3.6
2* | 1600-1800 | 17 | Less than 1