I don't see BJGE as a guy who is going to attract too much free agent interest. He's not a special player, he's a rotation guy, and rotation guys can be found all over the draft.
I think BJGE has value to the team as a player similar to Antwain Smith. It's tough to say if his decline in production was due to health, or oline changes, or decline in his play. In either case, a RB who can take the ball 2-5 yards in 1st down without fumbling is valuable, even if its a part time player. He has value as a locker room guy as well.
I'm happy sticking with what we have at RB. Remember what McD did in 2008 with Morris, BJGE, Faulk and Jordan? I much prefer what BJGE, Woodhead, Ridley and Vareen bring to the table. A game-breaking RB simply costs too much given this team needs to invest dollars into the WR and CB positions.
If BJGE leaves, I'd like to see Mike Tolbert in his place, given his prowess in the pass game. Those fumbles, though.
The key to the offseason on offense is going to be oline, especially Light and Waters. Waters has given no indication of retiring, which is good because he is still a top-level RG. It would upset me to see Light go. He is still a borderline pro-bowl talent at a bargain basement price. We can survive without them, but the depth will be a big issue. I expect a high draft pick, maybe round 2, on the Oline either way, as both are near the end and Vollmer's health has to be a concern.
As for the pass game, I don't think a big-time game breaker is necessary. A reliable, route running sideline reciever would cure a lot of ills on this offense. The problem with the offense is that they are a middle of the field type of offense. They are slowed by defenses with big linebackers or elite safeties (Pitt, Bal, NYG). Here, spreading the field horizontally is just as likely to open things up for Welker, Gronk and Hernandez as spreading it Vertically. Ochocinco was supposed to do this. I think even Jabar Gaffney would have been enough. Lloyd seems the most obvious option, as he'll command less money, wants to play with McD (hometown discount?) and has the hands/route skills to function as a deep wide or as a sideline guy.
I'd also like to see a 3rd TE, someone decent both in blocking and recieving. I hate to see what the long term loss of Gronk or Hernandez would do to this offense. I like a Jacob Tamme, who can man the H-back if Hernandez goes down.
So, the restocking goes like this: Franchise Welker, re-up Connoly, Branch and BJGE (with Tolbert as a backup plan), talk Light into returning, bring in a early-round OL, sign Lloyd, sign Tamme, offense is set.