Miller/Moore/Salmons/Martin/Udrih as the starters = lottery.
Miller/Moore/Artest/Martin/Whoever = '08 lottery anyway, it's just more of the same.
On to the thread's question...
I see three main ways this can go. From worst to least bad, they are:
1) we sign Artest to an extension
2) Artest decides to stay in Sac next year
3) Artest walks for nothing this summer
With possible trades, etc., this is really too broad a range to summarize neatly. If we are to assume the best case -- he walks -- then we end up with one or more replacements who are worse ballplayers and more stable people. Hopefully they will be young, but they might not. Then, assuming no other changes, we head into a season of around 30 wins. Hopefully most fans would think the games were more fun to watch. I doubt that Ron's departure, alone, would get us any early draft picks.
So we'd be 2/3 of the way to blown up, with some more demolition and most or all of the reconstruction still to go.
The other possibilities are too depressing for me to consider right now. I'm sure we'll all fill those in in our nightmares, anyway.