I personally don't think Dale DeGray is going anywhere. It wouldn't make any sense to let Dale run this year's draft and then part ways. If you were going to make a change you'd have done it by now so the next guy can take "his guys" in the draft. It would be pretty awkward to bring in a new GM post draft which presents the biggest opportunity to influence change on a roster.
The summer presents an opportunity to reset. This feels a lot like the Ryan McGill situation where you get a strong coach to take over a rebuilding team and develop the next wave. This going to be a much younger team next season and essentially presents a blank canvass for a coach to instruct and develop his systems and influence the culture and play style they want to run. It's really paramount that they get the right people behind the bench. The one quibble with DeGray is he's had more misses than hits on coaching hires. I don't know exactly how things played out in the summer but it seemed pretty obvious DeGray wanted to move on from Walters and whether or not ownership stepped in to block it or DeGray chose to try and make it work it was a matter of when, not if, once the season started that Walters got the boot. It seemed pretty clear there was a very short leash on Walters when Rumble got hired. Ultimately, that feels like the biggest mistake of this past season.
I'm not entirely sure this can be turned around in a single season. The 06 group is what it is, there's not really any other draft pieces from that group that would seemingly join the team and make any impact. Letourneau is going the USHL/NCAA route and would be the only exception but about a 0.0001% chance of happening. The 07 group is also likely what it is, they got Crawford, Nansi, Smith and Koprowski but no other drafted player from that group really stands out after moving Addy and Prud'homme committing to the NCAA route. The 07/08 draft groups development will be the deciding factor on when the next competitive window opens in my opinion. They should grab a good player at #7 but have no picks until the third round after that. I wonder if you could flip a future 2nd(likely have to add a sweetener) to a team like Brantford or Missy, maybe Oshawa, who may trade you their 2nd to add a pick that could be used in trade next year as the player they would draft with that pick can't be traded when they are in the midst of a championship caliber run. There's going to be a bunch of grads off the roster at the end of this season and it will likely be a season next year where you could take four 16 year old players.
The Attack haven't picked as high as #7 overall in a long time. There appears to be a number of higher end forward options that project to be available at that spot which happens to coincide with a number of forward grads for the Attack. Getting a building block type of player with the first pick ofcwould definitely go a long way in rejuvenating the fan base. This season has left a sour taste in many mouths this year. A solid coaching hire and a promising group of 08 players would go a long way to rebuilding hope and optimism around the Bayshore.