Bowey strikes me as a guy who always got by on raw skill and talent alone, and only in the past year or so has he discovered that doesn't fly at this level and he needs to actually work hard. He still has the potential to be a decent D-Man, but as others have said he's been passed by a few guys on the Caps depth chart. The only reason he's been on the 23 man roster is that he likely wouldn't clear waivers. He's got a good shot and has size, but his decision making and fundamentals are still questionable at best.
Don't know much about Jensen, but the way most seem to talk about I guess he's a solid pickup.
I would've rather the pick been a 3rd, but the Caps no longer have theirs, so I guess a 2nd will do when combined with a formerly B prospect with dropped stock.