Heres my thoughts and I'm jumping in the deep end.
The Steelers need to bring in for Saturday Elvis Dumervil, Darius Heyward Bey & Michael Huff and Sign them now. Elvis replaces james, Darius replaces Wallace & Huff can replace Ike Taylor or Ryan Clark.
Cut Ike Taylor & Ryan Clark and use that money to sign them. If Sanders leaves enjoy the 3rd round pick.
But get it done now. Not as a reaction to New England talking to Sanders but as a chance to add Legit replacements to the team while replacing aging Vets.
Denver messed up with Dumervil so take advantage.
The Future is Now and the Steelers have a chance to stay in the hunt with Legit upgrades.