The Lakers want Deng/Gordon/Thomas for Kobe.  If the Bulls make the trade, they would essentially be bringing the Lakers to the East.  Kobe will have a supporting cast of 1 good player in Hinrich(Odom), a rebounder in Wallace (Kwame/Bynum), a slow SF that does a little bit of everything Nocioni (Walton) and a crappy bench.

The real trade that the Bulls missed out on was the KG trade.  The wolves asked less for KG than Lakers for Kobe, I remember it was something like Deng/Thomas/9th pick or something like that.  They could have kept 2 players out of their top 3 (Deng/Gordon/Hinrich) and be contenders this year.  But instead, they will be at best as good as what they were last year, which is a 2nd round team.