Keep in mind that what you are giving up for Morse could easily be more valuable than a first rounder as well. (I don't make that trade either, just don't consider him that much of an upgrade, and his defense is AWFUL, so he's basically a full time DH)
I agree completely, I wouldn't give too much for the guy. I just think he would be a solid DH type for the team and his splits aren't too bad. I agree with both your's and Mackus point that the trade has to be economical, from a value standpoint, but I don't see too much else out there.
Then again, I never saw the Hammel trade coming...