The offer is "fine", we probably don't need to shred the guy over it. The eventual trade will probably look closer to that then what some around here have been speculating. That being said, it will have more to do with Dorion/Melnyk than the value of Stone of Duchene being that "low".
@Thrasymachus
The view is that the Senators will be looking for a 1st + A prospect. Wether they get that or not is yet to be determined, but your original offer would be the low-end of what's expected while fans around here are still pining for the high end of a deal involving our two stars. Guys like Fabbro or Tolvanen would be much better centerpieces than anything the Isles could/would realistically offer. Your original offer is something Sens fans might "settle for" but 2 full weeks before the deadline we definitely aren't in the "settling" mood.