Was thinking about this the other day, and I would venture to say no. He was a good player during his tenure here, but doesn't quite possess enough star power to earn a jersey retirement IMO.
For comparisons sake, Tkachuk and Roenick are considered among the best U.S. born players of all time, with both of them being 3rd., and 4th. all time in points, among Americans, and 3rd. and 4th. all-time in goals by an American.
FWIW, they basically put Phoenix on the hockey map during their time here, regardless of what most people thought of them off the ice. Tkachuk also led the league in goals twice, while playing with the Jets/Coyotes, and Roenick's crash-bang style, and his mouth made him one of the valley's biggest superstars, not to mention one of the most popular stars in the league, during his time here.
Even retiring their number was a bit of a stretch, IMO, and that's coming from someone who sees them as his two all-time favorite sports athletes.
I won't even bring up Teppo, because there's no way anyone can argue, that he didn't deserve his number retired.
Yandle IMO either needed to have a higher peak, or spent a few more years with the franchise, in order to have a strong argument for a number retirement. If he returns in the near future, for several years, I could definitely see him having an argument then.