The problem with most of trade scenarios which have been discussed is unless we get a pretty good WR this year we are going to be worse this year than if we paid Branch. Even if we get two #1s next year, that doesn't help us this year. And of course even a #1 pick is not guaranteed to turn into a good player, especially in the first year or two following the draft.
So, suppose we trade Branch for a 2007 #1 pick, or even a 2007 #1 pick and a 2008 #1. We are essentially taking a step backward for 2006 in exchange for a CHANCE at being better in 2008 or 2009. That's why I feel the Pats should not accept any trade which does include a pretty good WR in return. And why would any team offer a pretty good WR plus draft picks just in order to get another just pretty good WR?
It will be really interesting to see what happens, but I am afraid that whatever it is will be a short term loss traded for a chance for a longer term gain.