My two cents is that Amare this season, with Felton back, will end up somewhere in-between his first and second season of production with the Knicks. He's definitely not done, but we are never going to see a Knicks team with a 1 and 1A superstar. It is going to be Melo as our clear elite player and Amare contributing at a very good to occasionally great level.
As far as Felton, I can't see him leading us anywhere, but he should manage the game well enough, with Kidd as well, to give our team our team a chance to win games behind a lockdown defense. When all is said and done, Felton comes in as at best our 4th best player. We need to be able to win without him having to go off statistically (other than assists) on a regular basis.