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.
Press conference today at 12:00 in Winnipeg. TSN.ca and NHL.com specifically will be broadcasting it (not sure if any other sites will be haven't looked) According to sources Bettman and True North will both be there to make the annoucment.