frankly, i'm more worried about vanderjagt than TO. as parcells always says, at some point during preseason, an aging player has to prove that he still has "tread on the tire". i don't think there's any question of this with TO. vandy is another matter. quite simply, he has to get out and play. now.
as for being cut...we already took a $2.9m cap hit by cutting henson, and cutting vandy would accelerate a good chunk of change into this year's cap.
remember, 3 kicks were the difference between 9-7 and 12-4 last year.
these two factors will result in vandy getting the benefit of the doubt, but only until the last preseason game. if he's not in "most accurate kicker in NFL history" form by then, he's gone.