I dont think he met the expectations of 6th pick we tanked for in a "loaded draft". That expectation, or at least hope, was that he would turn into a borderline all-star point guard of the future type.
So in that sense he has not met expectations.
THat said, was he a good pick? Id say absolutely.
He was in a tier of players with Gordon, Exum, Randle, and Vonleh.
I get picking Gordon or Randle over him, but I for one, think Marcus is the best of the bunch. I think he was a good pick. The expectations for that whole draft were higher than they ever should have been.
Also, I think Smart is the best 6th man in the league, which isnt bad as a 23 year old kid.