In a vacuum, I'd venture to say that most, if not all, here believe that OEL is a great hockey player with a boatload of skill and tremendous value to a hockey team.
Where we diverge with the new GM is that we have seen how OEL has played over the past couple of years - the disturbing regression he has gone through in his on-ice performance, as well as how his apparent buy-in has plummeted. Armstrong will hopefully get that context soon if he hasn't already.
Now, maybe Armstrong believes that he can change circumstances to get Mr. Can't-Wait-to-Get-Back-to-Sweden to have a change of heart - he'll have to talk fast, though, because OEL's not happy here (else he would not have been willing to waive his NMC) and I can't imagine him being reenergized by the thought of another year under Tocchet.
Armstrong says his personal motto is, "Do your job." OEL hasn't done his job for two straight seasons. If he decides to have a personal epiphany, great... keep him around. But I have far less patience for temperamental, sulky star players than most.