It's a very interesting deal if it goes down.
Houston gets a legit PF and frees up money to go after Nene at C. Lowry, Courtney Lee, and a boatload of young talented forwards to round out the roster.
NO loses a franchise point guard, but gets a terrific SG in Martin, with Odom and Scola at the forward slots next to Okafor. They'd need to do something at PG, and perhaps figure out a way to jettison Ariza (or turn Odom into a 6th man?).