The only thing that is absurd would be the Bills not pursuing Cutler. I know that they won't because Jauron is married to Edwards, but there is NO comparison between the two.
Cutler is a young QB with a cannon for an arm and the mobility to match. he threw for over 4,000 yds last year and had his team headed to the playoffs despite a running game and the worst defense in the league. Cutler is a top 6 QB in the league.
Edwards is far from being a proven NFL starter. He's injury prone, and can't throw the deep ball accurately. There's a reason he lasted until the later part of the 3rd round, and there's a good chance that he won't be a starter in the league after 2009 if Jauron gets the boot, and a new coach either sends him packing, or to the bench.
Cutler is a proven starter that will play in the league for 10+ years and has a chance to re-write the record books.