Um, no. Rebuilding is what the Lakers did. Suck for a year, got a promising, talented big from the draft, filled in between. And now they are pretty up there. Wouldn't say NBA contenders yet, but they are a season or two away. What Portland is doing is not "Re"-building, they're just destroying.
And if you notice something about ALL of our prospects, is that they're all guards. Our frontline is the weakest link in the team. This draft is particularly loaded with promising bigs. There is nothing wrong with unloading some old core guys (Bibby), sucking for a year, picking up a potential franchise big, and filling in between.