He's rated as the 6th best free agent available, but this is an easy choice. Just say no.
Wide receiver isn't a need area anyway. But even if it were, there are some warning signs on WR T.J. Houshmandzadeh. Catching 92 passes last season on a bad team is pretty impressive. But he'll be 32 years old this season and his current team is so desperate to keep him they just placed their franchise tag on their kicker. I think whoever does sign him is going to be disappointed.