Don't know if I'd call Van Horn a bust... he scored effectively, rebounded fairly well, made over $100 million during his career; sure, he was butter-soft and never a superstar, but of the players drafted after him only McGrady reached that level, and he was selected many picks later.

Here's my list of busts from the '97 to '06 draft classes:
1. Nikoloz Tskitishvili
2. Darko Milicic
3. Kwame Brown
4. Adam Morrison
5. Shelden Williams
6. Drew Gooden
7. Stromile Swift
8. Darius Miles
9. Raef LaFrentz
10. Tyrus Thomas

Honorable mentions include Andrea Bargnani, Jonathan Bender, Marcus Fizer, Jay Williams, Michael Olowokandi, Mike Dunleavy, and Seinfeld Harris.