I don't like the signing, only because of the way he parted with the Steelers. Having said that, he's still useful and a good bowling ball.
The one player I DO NOT want to see cut is Devey. He more than showed his worth as a full back against the Colts, and he's been consistent with his playing, likely getting even better considering his increased playing time.
At this point, it's more likely that 2 players will be transferred to IR than cut. That's my own opinion, anyway. They'll find a couple lower-tier guys with injuries sufficient enough to get them transferred to IR and be available for next year.