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I think anyone not blinded for the fact the Lakers are getting him think its a good deal. Also to me it doesn't really make the Lakers that much better..they lose a key piece to their front court and Bynum is often injured. Of course they could set up a deal for Dwight Howard, but other than Bynum, LA can't offer much.
Rockets get to replace Yao, Hornets get some good key pieces in return and can rebuild their roster with what they receive. Its the best deal the Hornets could have gotten for Paul in my opinion.
The Hornets would've taken on massive salaries and would've been in the luxury tax area.
Not a good deal when you're asking the other owners to pay more money out to make sure the lakers compete more years.