Well, I've thought about it a lot. Here's some things to consider:
1. The Blazers were desperate to move Dre before or during the draft because his contract becomes guaranteed before July 1st. Most teams knew this, which severely hampered Portland's bargaining position. It's never good to go into negotiations when the other guy knows that you have your back against the wall.
2. The Blazers knew they had to make the deal before his contract was guaranteed because it was either trade him now and get something, or possibly lose him for nothing as the lockout might completely kill the trade market beyond this point.
3. Most offers that we heard about, IE Parker, Nelson, etc, involved Nic Batum and it seems the team was unwilling to make that move. I don't blame them because personally I don't like Parker or Nelson.
What I didn't like was that I felt like we got bent over a barrel by Denver. They knew they had the upper hand, so they fleeced us. They got Dre, they got Hamilton, and supposedly they bullied us into passing on Faried. That may or may not be true, but it seems like they knew they had an advantage and they really took us to town.
With that said, we had to get younger at point guard, and it was apparent that Dre wasn't going to fit our window. Neither does Camby for that matter, so I expect to see Camby traded if that's at all possible this summer. I'm hoping that we still have some moves up our sleeves this summer to strengthen our bench, lock in a solid backup four, and hopefully get Oden re-signed for a reasonable price.