For me, it boils down to a 1st + Hållander for Kapanen.
Do I think that's too much? Yeah, probably.
Do I think it's the worst trade ever made? Probably not. Getting someone proven (albeit not a world beater) for two unknowns, I can see the reasoning even if I don't necessarily agree with it.
I'm not crazy high on Hållander, I think his skillset can be replaced with ease. Bottom-sixer with speed and tenacity. A nice guy to have, for sure, and someone I think can be a regular in the NHL. I think it's a good add for Toronto, and I would've liked to keep him, but not the end of the world.
The first round pick would be nice to have, of course. Odds are it will be someone as good or better as Kapanen. But I don't think it's the end of the world either. Hopefully Kapanen fits and keep on improving.
Interesting to see where this trade fits when the season starts, what else will have happened.