I wouldn't move Rondo or Paul for that package. Collison doesn't have the instincts to be an elite point guard, in my mind; he's simply a vastly inferior player to either Paul or Rondo. Brandon Rush is borderline garbage, and Tyler Hansborough, while a nice piece, isn't really starting caliber, let alone an impact player.
Add George to that package, and it's at least interesting. As it currently stands, though, it shouldn't be acceptable to the Hornets.