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Basically a quantity for quality trade. Sixers strengthen their starting lineup, Pacers strengthen their bench. The Pacers have a potential future payoff as well, if Turner turns into a star as some think he could be.
Sixers add some much needed shooting/scoring in Granger. Granger/Iggy should be a pretty good combo. For the Pacers, we fill multiple holes - Turner is a good ballhandling/playmaking SG, and might even play PG full time eventually. Lou Williams is a dangerous bench scorer. And Nocioni is another tough, smashmouth type player. Lou Will has a player option next year that he'll likely exercise, and Noc has a team option, so there are no long term cap implications.
Again, I don't think this will happen. But I like the idea of grabbing Turner while his price is (relatively) low. I think he could be a future star.