Oates played pretty well for a man his age in Anaheim last year. He's a good pickup, and should bring a lot to that team both in a statistical and a leadership sense. The bigger implication? I take this as a pretty sure sign that the Oilers have abandonned hope of bringing back Mike Comrie, or acquiring anything of value for his rights.
Actually, the Blues had two players sniped from them. Marek Svatos was claimed by the Predators (a team at the time that had a worse record) and Kyle Wellwood was claimed by the sharks (a team with a much better record then the Blues).