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Will the Titans regret cutting RB Chris Johnson?

In a salary cap move that was long anticipated this off season, the Titans today released RB Chris Johnson.

Since CJ's record setting season in 2009, when he broke the NFL record in yards from scrimmage (rushing and receiving yards together), Johnson's production has failed to live up to the large contract extension he signed after a hold out three years ago.

Will the Titans regret having cut Johnson? Why was Chris Johnson unwilling to restructure his contract with the Titans, despite the soft market for veteran running backs? Will Johnson ever come close to his breathtaking performance in the 2009 season? What teams are likely to make Johnson an offer?