It appears that they're letting their OF situation work out, and like the depth. I think that both Kearns and Wily Mo Pena are fighting for the RF job, and when Griffey gets hurt, Wily will slide over to CF. IMO, Kearns will win the job out of ST. I'd take a chance on him in the late rounds.
The Reds value him a lot, and apparently are asking for a lot from teams who want to trade for him.