First off, let me start with Shutdown Corner's assessment of him:
and his stats while at Miami:
Now for the meat and potatoes.
There have already been plenty of threads and info on receivers in Free Agency (VJax, James Jones, Sidney Rice, etc) and the top receivers in the draft (AJ Green, Julio Jones), so I'm not trying to turn this thread into one of them.
If we end up not re-signing Santana Moss, we will be in a serious hole at the WR position. We arguably already are, so losing Moss would put us that much behind the curve.
Hankerson isn't a #1 coming out of college, but he could make a viable #2 option. Assuming we pick up one of the aforementioned receivers in Free Agency or the draft, we will have a #1 going into next year. That would put us with the new guy, Anthony Armstrong, Terrence Austin, and Malcolm Kelly (who can't seem to escape the injury bug). Hankerson is a bigger receiver (6'3, 205) who has very reliable hands. He struggled his first season or two, but put together one of the best seasons for a receiver at Miami (72 receptions, 1156 yards, 13 TD). He set the record for single season touchdowns at the U, beating out Michael Irvin, Santana Moss, and Andre Johnson. He caught a touchdown in six straight games this past season.
He has decent speed, but he's not that explosive. The Redskins, though, don't need a speedy receiver, we have at least two (AA and BB, for the few snaps he lines up at receiver). What we need is a receiver of Hankerson's measurables. A sure-handed big player who can go up and grab the ball, and be trusted to make the catch.
Different sources have him ranked all over the place, but from what I've seen of him and comparing him to other receivers out there, he'll probably go in the third or fourth round, but could possibly go mid second.
If he makes it past the second round (if we draft a receiver with our first rounder) or to us in the second (if we pick up a Free Agent WR) I wouldn't be too upset if we drafted him. He would go well as our #2, and at least in the Senior Bowl, showed that he does a little better with a third guy in the slot, which is where AA would go.
Looking at what Kyle did with Andre Johnson in Houston, with the right coaches in the right offense, Hankerson could very well turn into a difference maker, good for 60+ catches and 1000+ yards, for the foreseeable future.