Morris is a two-way defender, and Sportsnet's profile describes him as having an "excellent skating stride" and a "booming shot from the point." However, that he's only had 77 shots so far this season, 7 goals, and 11 assists; the production isn't wowing me. Neither is reading from that same Sportsnet profile that he has a tendency to "lose his concentration in the defensive zone." Most of all, while he's an impending unrestricted free agent, he's making just under $4 million. ($3.95 according to NHLSCAP)
I can see it being a possible move, but I don't see how he'd really be a big boost to the Devils unless the coaches can somehow turn around Morris' game in a very short amount of time. It's still more likely than, say, Chris Pronger wearing Devils red. Expect more rumors soon, as the trade deadline is less than 2 weeks away.