When you refer to top five picks and the decade to 2006, it must be noted that not a single top five pick since the 2005 draft (which netted Thomas, Ellis and Pendlebury) has played in a premiership, whereas the decade from 1996-2005 drafts averaged around one-two top five picks per year going on to play in premierships. Those being:
1996: Heffernan
1997: Ottens, Croad, Power
1998: Headland, Fosdike
1999: Brown
2000: Didak
2001: Hodge, Judd
2002: McVeigh
2003: none
2004: Roughead, Franklin
2005: Thomas, Ellis, Pendlebury
2006-2014 drafts: none
And while it may be that we haven't had enough time to see all the top five draft cohort get a chance to win a premiership, for the draftees taken between 1996-2005, the median length of time to win a premiership for those who did was five years.
That implies something is going wrong with the draft, because at least one player from each of the top five taken in drafts from 2006-2010 should have played in a premiership by now. Instead we've seen none.
This is not entirely surprising when you consider Geelongs era was built on the 1999 and 2001 drafts - it took 8 years after 1999 to win their first premiership and Hawthorns dynasty is built on the 2001 and 2004 drafts and while they snagged 2008 it really took 12 years since 2001 until they became a dominant side.
The draft is not a myth. Its just that it takes a long time and you have to get everything else right as well.





