I haven't heard anything about a proposed trade with the Redskins other than on this thread, although right now their top pick in the draft is at #54, so they could be looking to move up, and if they are still not especially pleased with Arrington they could include him in the trade, but I don't really see them adding many extra draft picks to the deal since they already have so few, at least not this year's picks. I think a more likely deal would be swapping 2nds and we get their 2007 2nd and Arrington:
Redskins get: 33rd pick in 2006
Texas get: 54th pick in 2006, 2nd rounder in 2007, and LaVar Arrington
That way they move up and have the #33 pick and still have their 3rd rounder this year, and if they feel they have a couple other good OLBs and don't really plan on having Arrington as one of their starters then I could maybe see this deal happening if there is someone at #33 that they really want.
I also wouldn't expect this type of deal to actually go down until draft day after the Texans see who is available at #33. If someone like Eric Winston is still available then I think they would definitely take him to help our OLine (assuming we draft Bush at #1) but if some of the top OTs (D'Brickashaw Ferguson, Winston Justice, Eric Winston, Jonathan Scott and any other good LT-quality prospects) are gone and there isn't a DE that we like at #33, then I could see us accepting this offer and targeting a guy like Nick Mangold or else looking for another OLineman, CB/S, or DE at #54. If we trade down in the 1st and acquire that team's 2nd this year and 1st next year, I could definitely see us making this deal. If, for instance, we trade with the Jets to swap 1sts, acquire their 2nd rounder this year (#36) and 1st rounder next year, I could definitely see us sending #36 to the Redskins for #54, their 2007 2nd, and Arrington. That way, out of the combined trades we get:
#4 (DE/OT), #33 (OT/DE), #54 (OG/C), #65 (CB/S), #66 (TE) this year, so we have 5 out of the top 66 picks, plus we get an extra 1st and 2nd round picks next year and LaVar Arrington.
That wouldn't be a bad series of events for us, but again, this is all pure speculation at this point.