It's a real shame, but Manny just hasn't been the same since he nearly lost his eye and his skills have eroded to the point where the Canucks didn't have much choice but to let him go.
I feel bad for Manny and I wish it hadn't come to this, but with Kesler ready to come back and Schroeder performing well, in the end this became a hockey decision. But Gillis is spinning it to make it appear that they're shutting him down as if they're worried but his overall health, something of a PR move in an attempt to NOT make themselves look like the bad guys, but I think most Canuck fans had a feeling this was coming.
Putting Manny on IR allows him to finish the season - and perhaps his career - with some dignity - and his entire salary. He still gets paid, but it obviously won't count against the cap. Its much better than being outright released, placed on waivers, banished to the minors, or shovelled off to another team for a 7th rounder or future considerations.
I don't know if he'll ever play again - I hope someone else will give him a chance next season - if not, I think he'd make a great coach and mentor, esp when it comes to teaching faceoffs. All the best to you, Manny!
"Next to a battle lost, the saddest thing is a battle won."
- The Duke of Wellington after the Battle of Waterloo, June 18, 1815.