I'm no big Olynyk fan, but I think it WAS worth it to trade up for him, at least at this point.
The original pick we had was for Lucas Nogueira who has played a grand total of 20 minutes in the nba. The 2 second round picks may turn out to be valuable and I do hope Cleanthony Early makes an nba career for himself, but at this point he hasn't separated himself from any other second rounder, and Olynyk has shown himself to be worth 2 second round picks easily.
People need to stop expecting KO to be a McHale/Dirk hybrid. He still has a ways to go, but if he can more of a hybrid between Ersan Ilyasova and Spencer Hawes, he will certainly be a valuable piece and worth a midround pick in a very weak draft.