I think it is very telling that it is August 12th and no other team has really expressed much interest at all in Burress. Especially the team that had him under contract last year and needs receivers.
Sure, he is still tall for potential red zone targets, but his speed seems to be completely gone. I'm not sure 2012 Plaxico Burress is much of an upgrade over 2012 Deion Branch or 2012 Jabar Gaffney. I think he is a liability and unlikely to be signed. He hasn't caught a ball more than 35 yards downfield since 2007. He has played 26 games since then.
The Patriots already have red zone targets and guys to work the middle of the field and guys to work zones. All they really needed was a speed element and they got it with Lloyd. Plaxico hasn't brought a speed element in a long time. He doesn't fit on this roster at all. And he doesn't play special teams. What exactly does he bring to the table that the Pats don't already have?
If he is signed, this will probably be Chad Ochocinco, Joey Galloway, and Torry Holt all over again.