The Giants and their fans are upset about his departure, but the Giants didn't make a big effort to re-sign him and that might turn out to be the better move. He's coming off microfracture surgery on his knee, and he might be more risk in 2011 than reward.
And as I wrote a year ago, 2009 was his first (and so far only) great season. He wasn’t an elite performer in 2007 or 2008. His 2010 season was a down year too, but that in part can be blamed on the knee injury. It was reported this time last year that Smith wanted a multi-year deal similar to the $10 million per year contract the Packers gave to WR Greg Jennings. While Jennings was outstanding in back-to-back seasons (2007 and 2008), Smith was looking for a similar contract after only one great season. It was understandable that the Giants wanted to wait and see if he could duplicate his 2009 stats in 2010. And since he fell short of that goal, it was probably wise that they waited.