At this point, I could take him or leave him.
I have a feeling Babcock wants to use his rare situation as a "Free Agent coach that wasn't fired" to gauge different challenges that will be presented to him. I have a feeling he might want to go somewhere where he gets the kind of control that Bowman got here after Bryan Murray was let go. Seems like Ilitch/Holland want to run the team as a band-aided and safe "Old Boys Club", than make significant changes to make the team better (like Bowman did after Murray).
....which leads me to my next point.....
The positive outlook I have for Babcock leaving, is that atleast SOMETHING about this team changes. Since the last lockout, the Red Wings have become the NHL's definition of insanity. The team has the same two goalies and six Dmen that started in the 2013 playoffs and most of the same forwards. There's also the same GM and head coach, of course. We even went into this current season with nearly the same exact team that barely made the playoffs and couldn't handle the Bruins in the first round, minus Alfredsson. "Oh but we'll be healthier, young guys will get better, Jimmy will bounce back, blah blah".
Wings fans act like Babcock leaving would be equivalent to Al Arbour walking away from the Islanders a day after leading them to a 4th consecutive Cup. In reality, Babcock has lead the Wings to win only three playoff series in the last five seasons, and they haven't made it past the second round in that same span. The way they're playing right now, it doesn't look like that is going to change. I know it's not all Babcocks fault, but when will some accountability fall his way? A new message might be refreshing, especially if the (likely) band-aiding continues.