Denver was awfully mediocre last year and, as of this moment, it looks like more of the same this year. I don't really understand how adding Iverson will make the Nuggets much better. Even Billy King would demand Andre Miller in that deal and refuse to take Kenyon Martin.
Generally speaking, it's tough to build a championship team by spending $130M over the next half-decade on two oft-injured guys who play the same position. Tends to limit one's flexibility. It would be foolish to expect either great planning or great execution from a franchise owned by an important booster of the University of Missouri Athletic Department.
Turning whatever it is they own of Howard Eisley's rights into JR Smith is a positive, though, again, the end result of the move just means a battle for Greg Buckner's old minutes between Smith, Ruben Patterson, Julius Hodge, and DerMarr Johnson (should they re-sign him).
I'll take another look at the Nuggets later in the week after they decide whether or not to match Francisco Elson's offer sheet.