He wasn't cracking a really bad lineup. Seems fair to let him go at this point in the guy's career if you're not going to play him.
I will say that I'd have to guess he was at least more suited, despite being very long in the tooth, to play in a top 6 roll than quite a bit of the other trash they've tried this season.
Either way, Poitras, Merkulov, and Lysell should be up over some aging vet occupying that spot. I assume Wahlstrom will be given a shot and then similarly dumped for ineffective play. Hopefully I'm wrong and the change of scenery spurs him on, but I don't see much there to this point in his career.