The Cubs have released 2003 #1 draft pick OF Ryan Harvey.
The 24-year old Harvey had one of the top two or three RF arms in the organization and awesome power (he hit four home runs for Daytona in one game a couple of years ago), but he just was not a good hitter (he is a first-ball fastball hacker--247/298/448 with 83 HR and 539 strikeouts in 471 career minor league games), and he suffered from nagging injuries (knee, hamstring, back, etc) throughout his career,
Harvey's release comes almost exactly a year after the Cubs released Harvey's one-time HS teammate and fellow slugger 1B Brian Dopirak (Cubs #2 pick in 2002). Dopirak signed a minor league contract with the Toronto Blue Jays after he got released and spent most of the 2008 season playing in hometown Dunedin, FL. B-Dope then re-signed with the Blue Jays (he was a minor league free-agent post-2008) and got an NRI to ST with the Jays this Spring as part of the deal (although he has been returned to Tornoto's minor league camp)
So I wouldn't be surprised if Harvey follows Dopirak to the Blue Jays organization, even if it means he has to go back to the Florida State League again (where he would play for his hometown team) in 2009, although the Jays would probably agree to give him a shot in AA first.
Harvey's release is definitely not a surprise. He will be a minor league free-agent after this season, and was just not progressing fast enough to think that he would be a candidate to get added to the Cubs 40-man roster post-2009. So cutting him now is probably just the best thing for everybody, especially for Harve. .
Harvey was a combination RF-RHP in HS, and I had thought (and have written here at TCR) that he might be converted to pitcher at some point with the Cubs when he continually struggled as a hitter, but while the Cubs have converted more than a dozen postion players to pitcher over the past couple of years (and no organization converts position players to pitcher to the extent that the Cubs do), they never do it unless the player agrees to the move. So I think it's pretty likely that the Cubs asked Harvey to consider a move to pitcher, but he declined.