I'm 34, and I liked the trade. As the poster several posts above suggests, it's largely because I don't want to relive the sliding-slowly-into-meaninglessness era of the early-to-mid 90's. That was a lousy time to be a young C's fan, believe me.
As for the coaching hire, I'm on the fence, partly because I don't really follow college hoops and I don't know this guy. But I do see the potential upside of hiring someone young and clever who might turn out to be the Next Big Thing. And since it won't really matter if we lose a few games while he's getting his feet wet, I think it's worth even a relatively high risk.