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I think it sounds like a logical trade from the Patriots side but I don't know why the Eagles would go for it. Just going by the draft value charts, it's saying that Sheppard is only worth a high 2nd round pick. If I'm the Eagles I'm not going for that, considering I've drafted the guy in the 1st round, and he's proven to be worth that considering 2 All-Pro selections at the start of his career. Personally I'm someone who thinks the draft value chart is outdated as well, where the gap between the #7 and #17 pick is smaller than the chart indicates due to the salary cap ramifications. I also don't see a position of immediate need that the Eagles would want to move up high in the draft, as their main need is a top receiver, and there are none projected to be worth that high a pick, especially in such a deep class at the position.
actually, I agree that the draft value chart is outdated. However, there is still a HUGE diffence between 7 and 17 because of the number of contract years you can sign a player for. At 7, you get 6 years while at 17 you only get 5.
Also, I think you need to go back and look at the Eagles if you think that their only hole is at receiver. They need someone at OT. They could also use a quality RB opposite Westbrook. Also, they have issues at LB.