Interesting, I thought Houston would be the most likely to say no, but no one else seems to have a problem with it from their side so I'll move on.
I think this is an easy yes for Portland, the only piece they are losing is Camby. Portland needs to start looking down the road, when they have a healthy Brandon Roy and have a chance to compete for titles. Camby is not a part of that future, and he has value in this league as trade piece this season and they need to take advantage of that now because there is no certainty he will have any value next season because he is turning 37 years old next month. They are getting two young players in Brooks and Hill that many GM's like. Brooks I think fits next to Roy because he can catch and shoot threes. He can also create his own shot off the dribble for stretches to ease the pressure off Roy. Hill is a young big that can move, rebounds well and blocks some shots. Nothing great, but a serviceable C/PF that can play with Aldridge. And they get an expiring contract to help them resign Brooks. Plus, the Blazers have interest in Brooks according to Hoopshype and ESPN.
Now, Denver's perspective. Since posting this trade I have read the Nuggets would likely keep Nene if they keep Melo. I was under the impression they would trade him because they didn't want to give him an extension but I don't think thats the case. But, if they were to trade Melo they would deal Nene for fear he would opt out of his contract. And in all these talks it seems like Denver wants to remain competitive in the West. Trading Nene for Camby keeps them competitive, and the deal has future implications with the pick and moving Balkman's contract.
So, I'll conceed this won't happen unless Melo is moved and this is the best offer Denver can get for Nene.
What about this one, and still include the 2012 NY first rounder to Denver.
http://games.espn.go.com/nba/tradeMachine?tradeId=4j7q6fr