I have no idea where Howard will end up. He's stated that he's not totally opposed to staying with the Magic. However, if Orlando wants to start over, and at this point, it might be the way to go, then they should go with younger players in a trade of Howard. So personally, I'd skip dealing with the Lakers. They're picks are at the bottom of the draft, Odom, while still a good player, is no spring chicken, and Bynum is injured as often as he plays. Not to mention, your bringing back equal amounts of salary, which restricts your abilities in the freeagent market.
Instead I'd try and deal with a team that can absorb salary, and at the same time offer better draft picks, and perhaps a young talented player of two. Doing that, along with using the amnesty clause could put the Magic quickly back on the road to success. Of course you'll need Howards approval if your going to sign and trade him, but there are up and coming teams out there, like the Thunder or Memphis, or, Ahem, the Kings that might be able to convince him to come. I'm still not trading Cousins for him though.