The Orlando Sentinel reports that when Smith's mom talked to UCF coach O'Leary, she said he wanted out so he could go to UofL:  http://articles.orlandosentinel.com/2011-03-29/sports/os-ucf-denies-damarcus-smith-release-20110329_1_damarcus-smith-ucf-coach-george-o-leary-freshman-jeff-godfrey

Assuming that's the case, this could work out well for us (the fans).  If Teddy is all he's expected to be, he won't redshirt, which will put him at least one year ahead of Smith.  This could end up being a situation where Teddy takes the reins and then hands it off to Smith, who will be polished and ready to lead the Cards to another NC (hey, dream big or go home!).  It sucks for Smith, of course, but he made that bed and he must lie in it now.  For us as fans, though, this might be a really nice set-up for the next few years.