Love this move by the Patriots.
Reports say he is signed as a QB, which I think is probably true, but at the same time I expect him to be spending up to half of his time working out at other positions.
Whether it be tight end, fullback, halfback, special teams, wildcat or whatever there are plenty of possibilities to get Tebow on the field in a capacity that can help the team. Bill just needs to figure out where he could fit best.
I don't expect Brady to be coming off the field at ANY point for Tebow and I'm sure they were upfront with Tebow about that. So I think he is going to be willing to work out at different spots so he can make the 53 man roster and see the field, while also working on his QB craft and learning as much as he can behind Brady.
My ideal end to this situation is Tebow comes in and keeps his head down, doesn't cause any problems, plays great in the preseason and then at some point down the line Bill flips him to a desperate team for a draft pick.