At this point, let's hope that the Broncos sign Peyton Manning and trade Tim Tebow to a team that actually wants him (ie, Jacksonville), because this situation is brutal.
It's funny to read the "reports" that the Broncos would get rid of Tebow if Manning came in -- what, exactly, is the other choice? Keep Tebow? Relegate him from starting QB of a playoff team to backup for the next 2-3 years? (Or 2-3 games until Manning snaps in half.)
The best-case scenario for Tebow is that he gets traded to a team that actually wants him.
The worst-case scenario is that Peyton Manning picks the Cardinals and Tebow is left playing for a team president and coach who so obviously don't want him there.