They really are.. this whole plan blew up in their face.
The whole reason they gave Branch permission to seek a trade was because they thought his demands were outrageous. They felt that he wouldn't have been able to get the type of money he was asking for on the open market. And if this happened, maybe he would lower his demands and sign the contract that the Patriots have had on the table during this entire ordeal.
The problem is, the Patriots apparently undervalued Branch. They didn't read the market right because there were teams out there willing to give him the money that he was seeking.
Now most people are going to turn around and say, "so what, these teams will never meet the Patriots demand for compensation." This is probably pretty accurate, however this is significant news because it basically eliminates any opportunity the Patriots might have had to sign Branch on their terms, he isn't going to come crawling back to the Patriots offer like that organization had hoped he would.
This entire plan backfired on the Patriots and IF he ever plays for them again, it will be for the 6 games required to become a Free Agent at the end of the season, IMO.