I'd say somewhere in the middle. He may never be the masher that he was, but like his recent t-shirt said, "I got 99 problems, but my swing ain't one." He's been quiet all spring and who knows, maybe it's because he's nervous about how he'll do without PEDs (I doubt it). Maybe it's because he's trying to concentrate to smack the living hell out of the ball this year (probably this). He's in a contract year too I think, the dude loves his cash. There's nothing like a motivated Manny.
I'd say he's a pretty safe bet for .300 30 hrs and 100 rbi batting cleanup in the Dodgers lineup.