I'd also take T.O. for a 1 year, cheap deal but nothing more. Not neccessarily because I think he'd be a cancer here and is a huge risk worth very little, but because the money we have available needs to go into the defense. I think this team is just way too loaded with leadership to let a guy like Owens come in and rip the team apart like he's done elsewhere.
Upstater mentioned how he ruined Romo and I partially agree, but I think Brady is far more mentally tough than Romo is and would never allow something similar to occur. Then you've got the massive difference in how much control over the team the head coaches have in New England and Dallas and I think things would be very different if T.O. were a Patriot.
Oh, and FWIW (maybe very little since I don't trust his NBA reporting, let alone NFL reporting), Stephen A. Smith was just on Sportscenter about 20 minutes ago and said New England is one of the places Owens would like to play.