i like the move by Memphis because they are looking to run small ball and have a very solid group of youngsters... very potent. plus Gay is going to be a star next season (mark my words).
on the flip side, i think Smith will have his work cut out for him... he's too small for PF, and the defensive mismatches will be tough.
his rebs will suffer, as will his blocks.... and most impostantly, his health.
he's athletic and can run, so it may work... but its risky. he lacks size to really compete against guys who will be 3 inches taller and 30 pounds heavier.