Nick, I like your original post a lot and it really shows how difficult it is to build a 'star-studded' team with mid-range picks. I do, however, appreciate guava's input and he helped show that it isn't impossible given the right draft class, time, and a gm who knows what he is doing.
I do agree that 'blowing it up' really doesn't make a whole lot of sense, unless we are bringing back something very solid and on a short contract (Josh Smith type).
The other idea floating around is what we can get for Rondo, while holding on to the our expirings. While this is another way of blowing it up, if we could get a young potential star (Paul George and maybe Collison - again, not my idea) and a pick, then this would pave the way for Howard and Deron. And if that plan doesn't come to fruition, we have a young roster to build around.
I do not agree with trading for Steve Nash unless we get their ridiculously high lottery pick in the process. I don't understand the love for Gortat either - yuck!