I'll weigh in my 2 cents on the state of franchises in this league... I think there'll always be ONE team in Florida from here on in, simply due to the fact that Florida has a HUGE Québec community down there. i'd say that if a team were to go, it's be the Panthers, and in a perfect world, Tampa would absorb them. Nashville & Columbus are only going to last another season or two (one if the economy remains this bad). I'm kinda surprised that there isn't all that much talk about Columbus and how bad it is out there. You hear about Atlanta and Carolina all the time (Carolina deserves a better fate, having a Cup banner and all) with good reason, but I personally never hear about the state of the BlueJackets.
If I were in charge, I'd axe 3 teams per conference. Relocate 2 of the six to get the Canadian representation back up where it belongs, and then contract the others and split up their assets in a lottery.
Phoenix is a completely different story. They have a fan base, surprisingly, but never amount to anything, and the fanbase they have seem to have run out of patience. When they win, people come out to see them.