I thought most people kind of gave CMac a pass for last season's deadline, hindsight being 20/20.
Where I think he could get in trouble is that he didn't react soon enough to his gamble not working. There have been quite a few C's trade teams since the playoffs ended last season. MacFarland has landed Johansen and Wagner. I'm not oblivious to the fact that Joe signed off on Johansen. But I'm not so sure he's signed off on doing nothing since.
Joe learned from PL and PL pretty much ran the Avs like a family from what I understand. I can't see any situation where Joe would fire Chris this summer, so at the end of the day it doesn't really matter what I think, but damn I'd pay a penny for Joe's actual thoughts... or even Chris' for that matter.