This would be a desperate move by Orlando and is an indictment of how pathetic VC is. The guy is soft as a wet sponge and is a failure as a closer in the playoffs. If Orlando can dump Rashard Lewis back on the Wizards, I can see how a deal for Gilbert might happen. But his health looms very large.
If Arenas can stay healthy and keep his head on stright this could be a good trade for the Magic but thats a big if.
What legit contention hopes? The Magic right now are just depending on DH to progress so much he can beat the other teams almost singlehandedly. That's way too big a burden for just 1 guy, not every player can "Hakeem" it nowadays esp. since other teams have 3, 4 or even 5 allstar players on the roster. Otis Smith smashed Orlando's contention hopes when he signed Rashard Lewis to that albatross contract. Sure it opened up things in the middle for DH but in the playoffs DH always has to go two-on-one in the paint. A blatche-Arenas+filler for Lewis-Carter+filler swap would do wonders for the Magic. Arenas is one of the league's best closers and clutch players before all the issues happened. A healthy Arenas and Howard combo backed by a nice suppoerting cast would be a good matchup against the Lakers.
They finally get a legitimate fearless closer who can make good things happen when the going gets tough in the playoffs.
I know the guy is a bit of a loose cannon but he would be the ideal complement to Howard and just look at his stats before he went idiot last year along with his most recent games this season.