I'm not overly thrilled or upset about the deal. If Scutaro can do anything close to what he did last season, it'll be far better then what the Sox have had recently. I would have preferred 1 year with an option, but 2 isn't bad. He might stick around for the 3rd in a utility role. 5M a year is also very tolerable. If another SS becomes an option, he's not that expensive of a bench option to be honest.
I also think like others think this is leading to another FA signing of player ranked higher the Scutaro. Keeping Toronto from gaining a 1st round pick for Scutaro is an advantage for the Sox or more then one level.
Over all it fills the hole with what seems to be a competent player.
If Theo adds Hermida, Scutatro, Holliday + it will be a good off season for the Sox IMO.