I don't necessarily agree that if a guy makes an nhl team, then he is not a bust...even if it is on a consistant basis. Take someone like Andrei Nazarov for example. He was drafted 10th overall in 1992, has played in the league 95' and has been in it consistantly since 97. Despite this, he has only amassed 124 points (near 600 games played) . Do you really say this guy is not a bust? Similarly, you could point to Boyd Devereaux. Sure he is a great role player, you need guys like him to fill up the 3rd and 4th lines, but do you really think thats what Edmonton had intended for him as a future role when he was drafted 6th overall in 1996? He has had a couple decent seasons, bumping in 27 and 25 points in 2000 and 2002 respectively, but do you not agree that more is to be expected of him?
Personally, I say that if a guy is drafted in the top 10 and is not an allstar or at least a corner stone of the teams growth (I like to use Ruslan Salei as an example here, someone who probably is not at the elite in his position, but is nonetheless a major contributor to his teams success) then he is definitely a bust. If a player is a first round pick, or for that matter a pick in the top 3 rounds, and he does not reach some consistant with the team or another team (by consistant i mean they played at least three full seasons), then he is considered a bust. For a later round pick, (fourth and upward) I do not really consider any of those guys to be a bust, whether they make it to the nhl or not, at that point to me it is all about finding diamonds in the rough, etc.
I hate grouping guys like this along with players like Alex Stojanov and such who are major busts, but I guess i just look at dissapointments as busts whether people agree with me or not.