We've already wrecked the comment speed of the Trade-Day thread below with all of the activity, so here's a new thread to comment in for the final hour of the 2008-09 trading season. (Though you know, of course, news will trickle in all afternoon.) We will update this post as needed.
And remember, look for this label on your trades. Don't accept any trade without it!
UPDATE 5: We now have the Knicks picking up the OKC/NO leftovers, acquiring Chris Wilcox for Malik Rose.
UPDATE 6: And rumor has it that the Magic have acquired Houston point guard Rafer Alston by giving up a first round pick to Memphis who then sends Kyle Lowry to Houston, accompanying the Magic's Brian Cook.