As you all know, I am a Yankee fan, and I will go on record saying Torre is useless. He never won elsewhere, and won because of his team, not the other way around.
That said, I like what the Yankees have done so far. I like Cashman better than any GM we have had in recent memory. However, his positioning has helped the Yankees out tremendously. The jury is still out though. If he doesn't acquire Zito, Schmidt, or some other pitcher in a major deal, I'd say the off-season is a failure. This is the prelude [i hope], otherwise, the Yankees won't play in October.
Someone brought up something interesting the other day [on the radio in NY]. If Sheffield had gone on record, agreeing to play first base for the Yankees, do what he could do to help the team win, etc., would I have wanted to trade Sheffield?
The sad answer was no. I would have kept him. We may have made do without him last year, but the guy is a monster, and I know other teams feared him more than any other hitter in our lineup.
Cashman has done well so far, but he has a lot of work left to do.