Per SI.com via Rotoworld:
The Cubs and Orioles have resumed trade talks involving Brian Roberts, and one person familiar with the talks told SI.com discussions were starting to get serious.
Jay Payton is a possibility to go to Chicago in one of the scenarios. Sean Marshall, Sean Gallagher, Ronny Cedeno and Matt Murton are some of the players that have been involved in the rumors from the Cubs side since they first started up three months ago.http://sportsillustrated.cnn.com/2008/b
Seems like this will happen, its just a matter of what players will be involved in the trade.