I still think Hutchinson gets waived. There are going to be a lot of goalies placed on waivers before the start of the NHL season and Hutchinson is not likely the best one of those. Here's a partial list that I have put together of goalies who should be playing in the AHL this year but are not waiver exempt.
Dustin Tokarski
Justin Peters
Jeremy Smith
Jared Coreau
Reto Berra
Jack Campbell and Peter Budaj
Alex Stalock
Mike Condon
Scott Wedgewood or Keith Kinkaid
Magnus Hellberg
JF Berube
Aaron Dell and/or Troy Grosenick
Richard Bachman
Joe Cannata
Michael Hutchinson