It would be idiotic to trade Bledsoe at this point. Not only would we not get decent value in return, but you can't project his future based upon how the team fell apart after the big trade. Initially, we were left way undersized by the trade. Things started to a gel a bit with Knight handling some of the playmaking duties, then Knight goes down. Then Len goes down.
So the injuries leveled our trade depleted team even more. Looking at the starting roster last night, I think we started Morris, Morris, Tucker, Bledsoe and Wright. Enough said there.
It is extremely challenging for any PG to make good things happen without solid pieces around you, and even more challenging when the pieces you have get changed up mid season by trades, and again by injuries. New people are plugged in, chemistry suffers, you think they are going to zig, when they are really going to zag.
Bledsoe is an extremely talented player with a lot of upside. He is young and still has a lot of maturing to do in his decision making with the ball. With Knight sharing the playmaking duties next year, he should be able to flourish again. At this stage of his development, I don't think Bledsoe can carry the full load of running the offense himself, especially when he is typically guarding the other team's best guard on the other end, and racking up valuable steals and blocks along the way.
We have Bledsoe on a decent contract, that is not a max contract by the way, and there is no reason to give that up.
I think that a lot of people are making the mistake of judging Bledsoe based upon the last several weeks since the trade. We need to take a step back and keep things in perspective.