SI's Jon Heyman says Manny has been traded by the BoSox to the Dodgers in a three way deal, with Jason Bay going to Boston and unknown commodities going to Pittsburgh.
Why a team with Andre Ethier, Matt Kemp, Andruw Jones, and Juan Pierre in the outfield (and no DH) would get Manny Ramirez is beyond me. Especially if Kemp or Ethier is going away to make room for Manny.
UPDATE -- Pirates get Andy LaRoche and Bryan Morris from the Dodgers, and Brandon Moss and Craig Hansen from the Pirates. This actually seems like it makes sense for all parties.