Yes...Pineda is riskier tha Votto, but Pineda is also considerably more rare tha Votto. And teams pay a large premium in real value and in risk to get players that are rare and hard to find for your roster. It was a heck of a lot riskier, for example for the Yankees to spend zillions on AJ Burnett with his up and down record, but they did it because they desperately wanted to plug SP2 with someone that had high enough upside.
Pineda for Votto is a bad move for the Mariners. Pineda for Votto and Cueto would be arguable and a value for value level, but I doubt I'd want to do that anyway. Just sign Pineda to a long term contract after 2012 (one more year to establish the viability of his arm) and then think about a trade for him if and only if both Paxton and Hultzen pan out.
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