Even after reading Fegan's piece I really don't see this as a problem yet. Ridding of Danish, Farquhar, Gomez, Gonzalez, Shields, Santiago, Garneau, Smith, Skole, Engel, LaMarre, Tilson, and Davidson would leave more than enough room for us to protect those who need protection. Then there are the guys like Avilan, Cedeno, and Avi Garcia who are fine players but might be traded. The 9 names listed in the post above probably all need the protection aside from Medeiros, but it probably wouldn't hurt to add him too.
There's still just so much garbage on the current 40 man that this seems like a non-issue to me.