AdamJT13, who's made a hobby of projecting the NFL's compensatory pick awards, just published his projections for the compensatory picks for the 2010 NFL draft. As everyone would expected, the Titans will get a compensatory pick at the end of the 3rd round (the highest possible slot) for losing Albert Haynesworth, but he also projected the Titans to definitely get two 7th round selections, for Eric King and Daniel Loper, and a 7th or possibly even a 6th round pick for Chris Carr.
Assuming he's right, that would given the Titans a total of 10 picks in the 2010 NFL draft-their natural 1st and 3rd through 7th, plus those 4 compensatory picks. Now, 7th round picks are not particularly valuable, but since compensatory picks cannot be traded, more of the guys fighting for the spots at the bottom of the 53-man roster will be draft picks rather than undrafted free agents. Given that the Titans are a relatively unattractive team for UDFAs due to their recent history of not keeping any of them, I suspect those 3 extra 7th round picks the Titans may receive will be quite welcome at Baptist Sports Park.