I like it for us. Turkoglu would be a good replacement for Ray, assuming his contract is reasonable. Rafer, even though I don't like him, would be a very good backup PG or possibly a trading chip - or, if we chose to go in that direction, it would allow us to shop Rondo. Rafer isn't the player Rondo is now and he's not half the player Rondo could be, but he's a legit starting point guard in this league.
I'm not sure I'd be willing to help Orlando that much, though. There's no guarantee that Turk is coming back to them, and they'll need to move Rafer to give Jameer his starting role back. Ray would be perfect for that system, though, and he has experience playing with Rashard. Ray on that team would be downright scary.
I'd say no. I like what it does for us, but I think we're making our competition too good in the process.