A chunk of Reed's 'receptions' have been of the pop-pass variety that come from jet sweep actions, so I'm not as wowed by the reception mark. The yardage mark besting Greg Jennings rookie number is pretty impressive to me and speaks to his future potential.
I read he got something like 8 targets out of 30 plays in the 1st half of the MIN game, which is a lot of usage for a WR. He's the de facto WR1 and has turned into a great pick for them.