If Luongo were to have gone to TO, he would be the undisputed starter.A backup goalie, plus a first+ for a guy that you're bringing in to be a backup and veteran presents? No way I would make that deal. They still want Reimer to develop, not to replace him as the starter.
Given the Canucks short window of opportunity and our complete lack of talent on the farm I could see a potential situation where Schneider is traded this summer. The return for Scheids could be huge if the Bischop trade is any indication and what good is chaining down a young talented goaltender while you "re-tool" your team over 3-5 years? If you are going to rebuild the ONLY way is to commit to it 100% and absolutely suck for 5 years getting top 5 draft picks.