I'm ok with this approach, if we can get a good youngish player and a mid-first rounder in return for jose and #8, I wouldn't complain too much.
Ultimately, what we really need to do is try to get another pick for jose, something like jose and a future #1 (top 8 protected) to the blazers for their #6 pick. Draft waiters and lillard and you're set for the future at 5 positions with quality young players. Keep the cap space and use it in 2013 when fewer teams will have money to spend, and we will have a ton of options to really improve the team.
Why do we have to rush it, don't get why everybody is in such a hurry to make the playoffs next year.