Here is a capture from the pass to Smith that was nearly intercepted.
Things I notice ...
3 defenders on the right with 2 options. 2 defenders on the left with 2 receivers.
A) Smitty is not open. He is covered up pretty well by the DB. The underneath taken away by the linebacker.
B ) Ginn, hidden behind fox logo, is open and looking for the ball. He ran a great route and got the needed separation.
C) Lafell apparently is neither open nor looking for the ball.
D) Pretty decent pass protection, except for Bell.
Watching the play, Cam never takes his eyes off Smith, sadly.
This is why as cockeyed as it sounds, the best thing for us might be if Smitty gets a minor injury and misses a game or two (nothing serious or long-term). I do think Cam is a little too comfortable with Steve, and sometimes looks for him so much that he misses other receivers that may be the better option. So forcing Cam to pay attention to the other guys may actually help him see that the other guys can get open and get more confident in spreading the ball around.
Also, I'm not sure why LaFell wasn't looking for the ball, maybe his route called for him to get to a specific spot, but he was open, albeit narrowly. Drop the ball over his left shoulder toward the sideline, and it could have been a catch...this is something I have seen Brees do many, many times. But that's the kind of pinpoint passing is something Cam is still working on, so it's probably a 50/50 proposition if he would have actually placed it properly.