This was off of the Indy star site, doesn't say who is going to be cut but my guess is a linebacker maybe Senn or Davis.

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080920/SPORTS03/80920009

Is this a good move or not?  I think it depends on if the player who is cut signs with another team.  I guess we now know that Giordano is not playing, somehow I thought that maybe Jackson would be the emergency safety with one of the nickel or dime backs going to corner.