I don't think they cut him but he is definitely available for a trade. I'm surprised he was kept instead of Jordy, 0% chance he is on the team next year.
prediction: Green Bay trades Cobb to New England for a fifth round pick, then he goes on to catch 19 touchdowns playing in the slot for the Pats and throws five more TDs on trick plays/wildcat.
That Bears trade is hilariously dumb. Sure give up two first rounders in order to pay market value for a player in a league with a salary cap.
Roster looks pretty decent to me. Feel good about the draft picks. The cornerbacks look good to me, Oren Burks looks like he'll be on the field a bunch, and I like their chances of getting a real player out of one of the three WR picks.