It might be best for both parties at this point. Bogut has had horrible luck over the past two seasons in Milwaukee. If he does move, I hope it is to a good team though. Although John Wall is starting to look very good in Washington, I wouldn't want to see Bogut go to another perennial loser.
Atlanta would be interesting, but ideally they'd need to give up Horford and convince Josh Smith to stay. They'd still need better outside shooting and Teague isn't really a pass first PG.
If the Nets fear they can't land Howard, maybe they could make a play for Bogut (and Jax) instead by offering Lopez (along with Okur and Humprhries) to make the salaries work?
How about Golden State for Ellis and Biedrins? Problem being that Biedrins has a player option that could make his contract run one more season than Jacksons!
Portland for Wallace and Camby?
Now if I really want to start on the Kool Aid, my all time favourite place for him to go if healthy would be the Celtics! Problem is, would Ainge blow it up this year by trading one of the big three (would probably have to be KG)? The only way this would happen is if KG could be certain of returning to the Celtics next season for one last run and then what are the Bucks left with? Cap room? Meh, sadly the Bucks fans would mutiny.