I sure hope not, nor do I think that's even a remote possibility. Way, way too much talent should be on the board when we pick. I don't personally don't think Elam is a first round talent, mid to late 2nd at most. I can't even picking a safety until many other needs are addressed.
With all that said I don't like Elam at all and unless he slips so far it's worth a gamble I think he has bust written all over him.