Frankly, the Cavs would be better if LeBron handled the ball less, allowing someone else to run the offense and set up plays more. They get away with it in the regular season, but I think their offense putters out in a postseason series because it is relatively easy to adjust to. Maybe that was Mike Brown's problem rather than LeBron's, but I doubt it. Lebron moving w/o the ball would be more dangerous than LeBron with it.
Frankly, I also think they'd be capable of an 8th seed without him with Mo and Antawn working the ball, shooters shooting, etc. With a good coach (for a change), they might upset someone in the first round.
Could they be just good enough to keep fans interested while staying under the cap next year to see what talent is available in a dump?
Would they make a deal with the Hornets for PG Collison and one of their bad deals for relief (i.e. Delonte's non-guaranteed deal) and misc. pieces?
To be honest, I think the Cavs have enough options that they don't need to continue letting Lebron hold the entire franchise hostage like they have for the past 5 years. They should be offering him a max deal, of course, but not turning the whole deal over to him and his inexperienced band of "business" associates. They are really not in a position of weakness, as all the press seems to suggest. I'd be embarassed if I had cow-towed as much as they have to such a [insert favorite derogetory label for Lebron here]!