No doubt, what matters is what they do with the cap space. No argument there. It still had to be done though, they sold high on Gerald Wallace and Stephen Jackson (both of whom have been traded since, for less.)
They got assets for their players, still have another first coming from Portland. They still owe a 1st to Chicago though for that shitty Tyrus Thomas deal (thanks Larry Brown, you didn't mention that shit trade you were responsible for during your weeklong shitfest against the Bobcats, asshole.)
Your life wouldn't be different if the Bobcats ceased to exist, but what you're accusing us of could be applied to the bottom 15 franchises in the league. And if all of them had no hope of getting better in terms of getting a high draft pick or free agents, then your precious league gets a lot smaller. And you have less games to watch. The league is insular enough as it is, with what, 7 franchises responsible for the majority of championships in the last 30 years? The NFL and MLB have a much broader championship breadth, but no one seems to notice it in the NBA.
You act like all these players that Charlotte whiffed on deprived the rest of the league of amazing talent. No. Adam Morrison, sat on the bench for the vaunted Lakers, Phil Jackson couldn't find a use for him. Out of the league. Sean May, out of the league. Brendan Wright, journeyman. Emeka Okafor, decent player. Raymond Felton, potentially worst starting PG in the league. Stephen Jackson, traded twice since he left the Bobcats. Gerald Wallace, still a solid player but traded since he left the Bobcats. Charlotte didn't ruin these players careers, they just didn't work out, shit happens. It's not all on Charlotte, and it's not all on Charlotte for drafting them.