The trade: Isles and Leafs swap five and seven, the Isles get either a second and a third in 2009, or a second and a second in 2009, at the Isles' option.
That's a lot of value to move down two slots. The Isles will still get a very good player at seven, Schenn or Hodgson, or maybe even Filatov, which will at least keep the fans happy.
UPDATE: Leafs take Schenn. So what does Columbus want? I've heard they're not looking at Filatov but wanted defense -- but all the top D-men are taken. Unless they Meyers or DelZotto, which would be a little high. If Columbus likes Hodgson, the Isles fans who love Filatov should build a statue of Garth Snow.