If the playoffs aren't looking so good this year come trade deadline day then I think it would be a horrible waste not to at least try to trade Iginla. His value as far as what he brings on ice has declined a bit. However, I believe he' still be a prime target for Cup contending teams that know they're not committing to anything beyond this season. He can still be a difference maker and the idea of surrounding him with some skilled talent and seeing how he does has got to be appealing for some teams.
If the season ends up going down the tube I say why not. Might be the last good chance we'll have to get something of value in return for him.
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