I'm actually a pretty big fan of Rip, but this trade definitely has its cons. Most have already been mentioned but still, not having Wallace is going to take a serious hit on our team's rebounding numbers. Jackson, who has been great for us at the SG spot, is constantly creating mismatches and drawing defenders in away from our other players (something we have seriously been lacking in), and well, with this trade we'll be getting even older and adding on even more salary.
But like I said, I am a big fan of Rip and I think he would be great for our system. As I'm sure you know, LB places a huge emphasis on player movement and ball movement and Rip is still one of the best in the league at moving without the ball while also being a great passer and shooter. I honestly don't think we'd lose much, if anything, on defense and I actually feel our offense would improve some. We'd just lose quite a bit in rebounding and possibly some of the energy Wallace brings. Again Rip's contract, age, and recent injury problems scare me a little.
Clearly Detroit would have to add something more to the table than just a Hamilton/Wallace swap but I can't honestly say that I'm a huge fan of trading Bynum for Augustin. While Bynum is a good player, I feel that Augustin has just been in a little bit of a slump this season and still has more potential than Bynum. However, I would love to undo two of the mistakes our front office made last season so if you guys are willing to take on Diop's contract or send over a first, I'd probably consider. Both would be great though.
