On the starting pitcher front
After speaking to some baseball people the last few days, I'd say the Reds will likely go to spring training with what they've got as far as starting pitchers.
Nothing new has happened on the Erik Bedard front: The Orioles want more than the Reds are willing to give. As far as free agents, the Reds have talked to some agents for some of second-tier guys. Josh Fogg is one I know of. But unless someone can be had at a reasonable price, the Reds aren't likely of sign any of them.
All that is subject to change, of course.
Remember, the Bronson Arroyo trade didn't happen until March 20. Teams have a better sense of their needs toward the end of spring training than they do now. If Ryan Freel shows he's healthy, it gives the Reds another chip to trade, particularly if Jay Bruce wins the center field job.