According to MLB trade rumors Nate McLouth has been traded to the Braves:
The Pirates acquired three prospects for McLouth. On a related note I always thought McLouth was overrated (he has an OPS this year of .819). However, I should note that he is on pace for 31 HR and 24 SB but from what I have read he does not play great defense in CF and that OPS isn't that great. That being said, his current pace is close to his .853 OPS that he posted last year in his breakout year. Thus, it might be time for me to quit hating on McLouth and consider this a good acquisition by the Braves. He is under team control until 2011 with an option for 2012 so the Braves do get some future value from him.
MLB.com updated names the players the pirates received: starters Jeff Locke and Charlie Morton and center fielder Gorkys Hernandez. None of these are major prospects and none of them made BA's top 100 prospects this year. They all seem to be solid prospects, but just like the Nady and Bay trades the Pirates didn't get a top level prospect.