I have big raps on Wade Graham and wouldn't be against him being selected, for all the reasons you listed RWB. Although he is not an Origin level 5/8 he can also provide cover there in an injury crisis.
However I rate our top five back row options as Bird, Lewis, Gallen, Watmough and T-Rex - I'd be happy to pick him over Glenn but as of right now, I'd be reluctant to pick him over one of those five. 2013 is a far way away though, it's unlikely all five will be available, as well as Gal possibly playing in the front row.
Is anybody else not buying into the Josh Reynolds hype? I know we are desperate, but to me Josh's defence is a HUGE worry. I recognise halves aren't picked to be tackling machines but his missed tackles are very high, even for a half. He's also playing behind a forward pack that takes a lot of the ball playing pressure away from him, and who get a great roll on which makes his job a bit easier. I love the way he plays the game but I'm wary to throw him into SoO after his limited first grade experience at 5/8.