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That's exactly what is happening. Dumars has been very saavy here -- he has (correctly) tagged Sheed and Billups as the turn it on when they feel like it core of the Pistons peculiar attitude, and he has furthermore tagged (maybe correctly,maybe not) Rodney Stuckey as the future of the franchise at PG. So he swaps Billups (3 yrs remaining) and McDyess (2 yrs remaining, and in the way of Maxiel and Johnson) for Iverson (ender). then at the end of the year he gets both Iverson and Sheed off the books and frees up $33 million dollar in cap room ($35 million with Walter Hermann). Insto-rebuild. Clear all the old guys/contracts out of the way, keep Rip and Tayshaun (probably) as holdover vets, get all your kids into the rotation next year, and have big money to spend over the summer on a free agent or free agents of your choice.
Its the end of the Pistons as we know them, but they are racing right through the rebuild in record time.