The Houston Chronicle's Fran Blinebury confirms the Rockets are considering all options, including Ron Artest.
You've heard the rumors. Are they interested in Artest? They're looking at him. So are a bunch of other teams, including Miami. I think he'd work out best with a team that has a strong veteran core that can keep him under control _- like Miami with Shaq and Wade. Everything is pretty much still in the speculation stage with the Rockets looking at dozens and dozens of players and considering any and all possibilities.
I've got to think the decision on Houston's end would come down to Rick Adelman. If he doesn't want to reunite, they won't pull the trigger.
Of course, this also depends on Houston making an offer to Geoff Petrie he is satisfied with.