Yes, I would trade Schaub if I thought we could get good value for him. And considering he was a late 3rd round pick, any pick on the first day of the draft would be a good value for him.
I've said it before, but I don't think there really is a strong market for Schaub. He's a good player, but teams in the Top 10 of the draft are probably going to be looking at using that pick on a young QB. Not to mention, there are a number of "tradeable" young QBs out there. A few names are:
Drew Henson, Cowboys
Patrick Ramsey, Redskins
David Garrard, Jaguars
Philip Rivers, Chargers
I think it would be a hard argument to say that Schaub should top that list of young tradeable QBs. Garrard is 5-3 as a career starter, Schaub is technically 0-2 (although I would say it's really 0-3).
Not to mention, a number of teams that are expected to be looking at QBs this off-season, may be looking for more veteran options than an unproven youngster. Those teams would possibly be Arizona, Baltimore, and maybe Miami and Detroit.
Also note that a team that really likes Schaub is probably going to have to be a WCO team that has a void at that position. Of course, a lot is going to depend on which coaches are going to be hired over the next month, but in terms of teams on the lookout for a young QB that already have a WCO implemented, only Arizona and Tennessee show up on the radar. You can probably rule AZ out because they already have Josh McCown, who is a very similar player to Schaub in terms of style and has already proven he can win in Arizona. Tennessee probably isn't going to use a draft pick to get Schaub when they have Volek already, and the young QB they want is probably to be had in the draft (maybe Leinart?).
And with that in mind, basically I really believe that unless Greg Knapp gets hired by another team to be their head coach (it's a better possibility
than I think most may think), then there really isn't much of a market for Schaub. There just isn't as much game tape on him as there is with a Ramsey or Garrard, he's too much an unknown quantity. And with how so many teams have been burned by trading for QBs that have limited experience (see Bills with Rob Johnson, Cowboys with Drew Henson, and Dolphins with A.J. Feeley), in my mind, most GMs/coaches are going to be apprehensive about sending a high pick for Schaub.
So yes, back to the point is that I think I would trade Schaub if someone offered something good. But also, I'd have to have already or be on the verge of signing an adequate replacement.
The timeline for moving Schaub likely won't occur until either very early in March or on draft day. And likely by draft day, the possibility of finding a quality veteran #2 is going to be pretty low. Usually by that point in the off-season, there are maybe 1 or 2 name guys left, but you don't want to be forced to sign a player because there is no one else available.
But I also would expect the Falcons to pursue a quality reserve candidate early in free agency. With the possibility of trading Schaub over the next 18 months pretty strong, and with Ty Detmer likely to retire in that time period (if not this year), the team has a void at QB. The smart thing would be to sign a quality veteran QB to a 2 or 3-year contract that can potentially compete with Schaub for the #2 job. If Schaub is not traded this year, you have a solid #3 option that can learn the offense in Year 1, and then step in as the #2 guy in Year 2 or 3. If you manage to trade Schaub this off-season, then you aren't in a rush to go out and find a backup to stop the bleeding, because you already have one.
But honestly, because I called this the "smart thing" it is a move that I don't expect McKay & Co. to make. The honest truth is that I think there are enough decision makers within the organization that want to keep Schaub around not just as a safety blanket when Vick gets hurt, but as one if Vick doesn't make the necessary progression in '06 and/or '07, with the possibility that Schaub replaces Vick as the starter. I know with the way the contract is, that is an extremely low possibility. But with that in mind, I think that will mean that there are those that won't prepare for Schaub's departure from this team, but rather look at ways of locking him up for much longer.
Just my long-winded 2 cents...