A quick couple of points after a quick jaunt around the "Internets"
1)He plays for Modo in the Swedish Elite League - where his two year stat totals were: 90gp, 35g, 69asst, 104p. The SEL is often considered to be the most conservative and defensive oriented league in the world. The gaudy offensive numbers of the Q, WHL, KHL, etc often are not reflective of a players abilities in the SEL. To provide some level of perspective - Zetterberg's stat line in 2005 was 50gp, 19g, 31assts, 50pts. The following season in 2006, he had 85 points for the Red Wings. I am by no way implying that he will be Henrik Zetterberg, however his numbers are misleading. HIs SEL pedigree follows a long line of "point per game" future NHL stars like Forsberg, Backstrom, Sedin, Sedin, Alfredsson, etc. and actually his collective stats thus far are as good if not better than many of them.
He was awarded "Most Point in the League (SEL)" in 2009, and was additionally awarded "Best Norweigan Player" in 2008.
2) According to Elite Prospects -
Strengths - Fantastic technical skills and great passing ability. Can finish with ablomb. A magician who can do spectacular things with the puck. Great vision and can man the power play point. Defensively responsible and doesn't mind heavy traffic.
Weaknesses - Size and strength. Not a great physical player
Zuccarello Aasen has often been overlooked due to his short stature and size. In fact, there are already those on this boards who do not want him solely based upon his physical size. However, he has no concern over physical play and will play through traffic. The Red Wings have had a propensity to draft and acquire undersized players who lacked "ideal" NHL size for their position - many of which who have developed into key contributors (Zetterberg, Datsyuk, Hudler, etc.). Additionally, it's not as if there hasn't been a precedent of a 5'7", underweight, playmaking Right Winger who plays with offensive flair who aggressively plows into heavy traffic (cough Theo Fluery cough). Christ, there is a laundry list of undersized players who have thrived in the NHL (regardless of players like Pronger) - St. Louis, Gionta, Kapenan, etc.
3) Steve Yzerman has raved about this kid and I for one, would not question Steve Yzerman about...well, anything really.
4) The Red Wings appear to have the inside track on securing him. The Red Wings have shown the most interest in his play (alongside Chicago, Dallas, and the Thrashers). The Thrashers are irrelevant, Dallas would be a poor fit for him, and Chicago will not be able to afford offering anything above a basic entry level contract as they are well over the cap for next year.
5) His nickname is the "Wizard Hobbit" - Sweet Tap-Dancing Christ - that alone is worth a 2 year deal.
After all of this - why wouldn't the Red Wings offer him a contract? It allows them to secure another prospect without the cost of a draft pick or at the expense of any current players. It is all upside. Best case scenario - we secure a potential top six forward. Worst case - we have a tradable asset at next year's deadline.