LO is exactly the kind of guy you want on your team. His only major weakness is that he is not a go-to scorer. He won't take over games (of course, not many players do). Lakers don't need a #2 player. They need a #2 SCORER. If they can obtain such a player without trading LO, then great. If not, then perhaps LO has to go.
Didn't read this entire thread, but to me, this is the right answer. The whole notion of '2nd option' and '3rd option' is overused. Like OneWay said, you can't have redundancy. Keeping that in mind though, it's also just fine to have your 2nd best player not your 2nd option.
Picture this team with a PG who could consistently dribble penetrate, or a center who could score on the block. We don't need a Chris Paul or a Jermaine O'Neal, just a Terry/Barbosa or an Ilgauskus/Bogut. Someone who can have isolations run for them, and you know that they can come away with a good shot for themselves, or a good shot for a teammate.
And are any of those players better than Odom? When ranking players, would you have any of them higher? No, of course not. Just because Lamar's not a 2nd option scorer, doesn't mean he's not a 2nd option everything else. Like sizzle said, he does all the little things that makes him invaluable. He's not exactly a glueguy. Not in a Battier sense. Battier makes things fit, but he's not the talent that Lamar is.
Lakers need a scorer to take pressure off of Kobe. That can be had for the assets we have to give away. Whoever we can get doesn't have to be 'better' than Lamar, or more of a '2nd option', they just have to be able to score well. Lamar can make up for all the smaller things that he does so well, and the scorer can make up for Lamar's lack of aggressiveness when asked to put points on the board.
That's only on the offensive side of the ball mind you. Hopefully, Bynum can get smarter on defense and actually know where to position himself and how to man up in the post. Needs to be more active too. He's certainly got the shotblocking/altering raw skill, just needs to refine it with smarts.
With all that said, give me KG/Jermaine/Gasol for Lamar+ any day. They take care of the defensive side of the ball with their weakside help, and are a great option downlow on offense.
Lakers would love to have one of those guys. They'd give up a good deal to make it happen, Lamar included. However, contrary to what OneWay thinks, we don't actually NEED to get one of them to contend. We just need a few smaller pieces, and perhaps a year of improvement from the youngins.
Of course, time is running out on Kobe's prime, so I can understand the sense of urgency some fans may have when it comes to getting Kobe help. I just don't feel that way just yet though.