If the final deal is Pick 7, Dickau, and Raef for Telfair, Ratliff, and their '07 second rounder I think it's great.
For years now Pierce has been the only player on the roster who can effectively drive to the basket with ease, Telfair finally makes it two players we have that can do that. He has the ability to drive and kick it back out to shooters like D-West, Wally and Pierce depending on who's on the floor with him or dish it down low to Al and Perk. Plus, he's still developing as a player; Telfair just turned 21 a couple of weeks ago, and he's a kid that Portland took straight out of high school that hasn't provided great production yet so they trade him away a little too early, remind you of anyone else?
Ratliff gives us one year less on his contract than Raef had, and a defensive presence down low while not taking away a ton of minutes from the young guys. But most importantly, he's the perfect player for Perk to learn from and share time with. He's not that tall or athletic, but he's got a long reach, big hands, and blocks shots utilizing good timing. Sounds EXACTLY like Perk.
Plus, dealing out Dickau's contract (even though it's not a large amount of money his injury makes it a bad deal at the moment) and the future second round pick are nice throw-ins.
I know people aren't going to be happy about dealing away #7, especially on draft night, but this is a solid deal all around IMO.