The ideal situation is to have an abundance of draft picks (in a good draft--ie., next draft) AND cap space. However, as we've seen in many cases over the years, Boston is not exactly a top destination of most free agents. As the younger generation of superstars continues to emerge, with their need for the flashy fast life, we become even more removed from desirability. Thus, acquiring as many good draft picks next year is paramount.
As for watching the team this year, the new guys and especially the young guys are always one of the most enjoyable things about a new season, for me. So with or without the Geriatric 3 I'll still be a C's fan, just like the last 54 years.