Looks like they are trading Cameron to SD for Xavier Nady. I think I like that. It tells me that they are not holding out much hope of getting Manny. And anything that increases the chances of Manny returning to the Sox is a good thing.
It does strike me as an interesting move since the Pads apparently will pay all of Cameron's salary. Cameron is only a marginal upgrade from Nady plus Nady has some big upside. With the Pads looking to move Klesko (good luck) and also likely to lose Giles, are they looking for some veteran presence? I've read they have some good prospects so maybe they feel okay letting Nady go, but this move is still a bit strange for me. And Minaya is a headline seeker so trading a name for prospect seems very un-Omaresque to me (unless of course he takes the savings and overpays both Billy Wagner and Kevin Millwood).
All in all, I like this move for the Sox.