This is terrible news. Jameer is such a likable guy and despite how badly I think Orlando is prone to postseason failure, they're still a great story. This throws everything into jeopardy now. They're not "toast" but they'll struggle a bit without Jameer and will probably make a semi-significant trade to acquire another PG. We all know Anthony Johnson and Tyronn Lue (AKA the PG rotation of a 30-win Hawks team) certainly isn't good enough.
The Magic are toast. As stated in another thread, I really wanted to see if Jameer Nelson would have continued the stellar shooting the rest of the season and in the playoffs. Without his All-Star caliber play, the Magic are barely above average. Maybe Pietrus can step up (I doubt it).