I think this is a perfect trade for both sides.  Bulls trade Hinrich and Thabo, and maybe a 2nd round pick to the Orlando Magic for Hedo Turkoglu, JJ Reddick, and Brian Cook.

Why this works: Orlando.

Orlando is a solid team but really is missing a solid PG to bring them over the hump.  Captain Kirk really is a solid PG and will prove it again actually playing with guys who can play inside.  Folks forget that Kirk was the starting PG for the FIBA team 2 years ago and did quite well playing with guys who can score inside. His contract looks rough but improves over the remaining years.....Orlando is so capped out due to Rashard Lewis's ridiculously mammoth contract that they need the help they can get.  Having Lewis-Howard-Hinrich is a great trio for them.  They also add in Thabo a guy who I think is a better version of Pietrus.  They'll have a defensive ace in the SG/SF spots for all 48 minutes rotating Thabo with Pietrus too.  I think this is fabulous. They give up on a player that they will likely lose after this season for nothing (Hedo who has a player option and is a very affordable salary at $6.8M).  THey give up on Reddick who's a bust and won't play either way.  And they give away a bad contract in Cook, who was never worth his $3-3.5M salary.  I think this definately improves them.  Orlando also needs to put the pressure on Lewis to perform to his vast abilities, especially now that he's played more like 3rd fiddle to Howard and Hedo but makes quite a bit more than both.

Why this works for the Bulls:

I hate the idea actually of losing Kirk "one bad year" Hinrich, a guy who I feel is a solid top 10 PG in this league who's been dealt a bumb hand by never having a solid offensive PF/C.  Kirk's done whatever the team has asked him to do, and for the most part done well, sans Nov-Dec last year.  Management made him redundant not really because they wanted a major upgrade at PG, but because they feel Derrek Rose is the future PG of the NBA, and you don't get many chances to win the lottery and luck into a pick like Rose.  We give up on the great upside of Thabo.  Another tough loss for us given that he's one player bloggers like me (and likely many on here) love.  He's tall, athletic, has nice passing abilities, can score, shows signs of improving drastically on offense, and is already skilled enough to contain the great Kobe Bryant for proof of his solid D.  The reason we give up on him is just to free up our guard logjam and to add a piece like Hedo.  Hedo's a tall SF, true he might be redundant, but his outside shooting touch can allow him to play a bit at the SG spots.  His height also helps him defensively as guys who might get past his feet speed have to remember he has long arms.  Sure he doesn't get a ton of blocks, but having that height will impact som shots.  Hedo can hit last second shots, a major plus for a team like the Bulls who often fizzle at the end or put too much emphasis on BG.  He has height too which might allow him to play some PF in a quick uptempo game.  He spreads opponents defense with his solid shooting.  And most importantly he likely will opt out next year, giving the Bulls the chance to have both Gooden and Hedo come off the books where we can make a call to resign both, one or the other, or none and go after a solid PF/C that we can play often.  The Bulls need to think the future with Rose and Hedo, while ideally redundant to Deng, really gives us some flexibility for even future trades this year.   I know this isn't a trade for exactly what we need (or anything that we need), but it is a longer term trade strategy, will put some of the pressures of winning on hold while we bring Rose along, will give Rose a nice piece to play alongside with.

I might be crazy, but perhaps we try a tall lineup of Rose-Hedo-Deng-Tyrus-Noah, being backed up by Hughes, Gooden, Nocioni, maybe even Gordon for this year, and who knows maybe Reddick can be a 3pt ace, or perhaps they can at least try Cook again in his Laker role....

We won't be stellar next year, but will have ways to build for the future, and we'll at least be tall, and very much athletic.  Plus we'll have another solid offensive player for Rose and take some of the pressure off of Rose-Noah-Tyrus to see those guys blossom.