My gut tells me the Suns are taking Holiday at 16, too. Not a devastating disappointment or anything... just not what I would see as maximizing value with their picks. I think they can get a probable backup PG of equal quality to Holiday at 31.
It is much like with the pick of Reed last year - I am relatively certain he would have still been there at the Alec Peters pick, and quite possibly drifted through to UFA. Regardless of that, the more obvious choice of Jordan Bell, who lots of us were clamoring for when he was still sitting on the board, was the correct move... and one which they outsmarted themselves on.