Now, don't flame me on this as I am just the messenger here: http://blogs.charlotte.com/inside_the_nba/2009/07/portland-a-factor-in-felton-talks.html
Felton looked great towards the end of last season. However, if he's our big free agent signing with all this capspace and an owner who has said he's willing to open up the wallet. I'll be pretty disappointed.
Felton seems like a very expensive Bayless to me. I don't see how he adds to this team, especially at the asking price. If they didn't like Andre Miller because of his outside shooting, then I can't see them being interested in Felton.
Felton actually seems to me to be a more expensive Sergio Rodriguez, at least on offense. He has a high Assist Rate, a high-ish (but more manageable) turnover rate, and can't shoot for nuts. He's supposedly a good defender (don't watch Felton enough to know), so that might make him better than Rodriguez...but not good enough that I'd prefer him over Blake or necessarily even Bayless in the short-term (in the long-term, I'd much rather see what Bayless can do), since he'll cost more.
So much hate for Felton. He averaged 6.7 assists (better than Billups, Andre Miller and Sessions) on a brutal team.
I like Felton. He can distribute the ball and he's a good outside defender, something we lack sorely. As others have pointed out, he can't score from outside though.