I don't see why Chandler and Davis are built into the deal on the Melo side. Unless you are saying the only reason they would've gone to NY is because of Melo? I don't really buy that, Chandler was going to go to Golden State if he didn't go to the Knicks, not like they are a great team. Also, Felton wasn't due a contract, he had a year left at $7 million.
If they didn't get Melo, they probably end up trading for Deron Williams (utah's plan was to go to the Knicks or the Nets, whoever didn't get Melo, and offer them Deron), or signing him (Melo) as a FA in the summer. (Well, winter this year, but you get the point). And to be fair, Deron is shooting 37% this year, so maybe we get Deron and are complaining about him.
The frustrating thign about the trade is, based on the media reports, Donnie seemed to be doing a pretty good job staying strong on not giving everything up, and then Dolan seemed to come in at the end and undo all that hard work.
I don't want to bash Melo too hard; he is playing though some injuries, and that is definitely at least contributing to the terrible shooting numbers. And the rest of the offense hasn't been doing much; Amare in particular is just a totally different player than in the past. I still don't see a great defensive effort from Melo, at least not all the time, but he is hardly alone in that on this team. (Amare, looking at you here). But his style of play can be a little frustrating at times, he is a great 1 on 1 player but it can bog down your offense.