What then is this vindication, this
dikaiosis? It is God’s declaration that a person is in the right; that is,
(a) that their sins have been forgiven, and
(b) that they are part of the single covenant family promised to Abraham.
Notice that opening phrase: God’s declaration that. Not ‘God’s bringing it about that’, but God’s authoritative declaration of what is in fact the case. This is the point, of course, where some have accused me of semi-Pelagianism. That might be so if I intended to denote, with the word ‘justification’, what the tradition has denoted. But I don’t. Paul, I believe, uses vindication/justification to denote God’s declaration about someone, about (more specifically) the person who has been ‘called’ in the sense described above. Vindication is not the same as call.
And we now discover that this declaration, this vindication, occurs twice. It occurs in the future, as we have seen, on the basis of the entire life a person has led in the power of the Spirit – that is, it occurs on the basis of ‘works’ in Paul’s redefined sense. And, near the heart of Paul’s theology, it occurs in the present as an anticipation of that future verdict, when someone, responding in believing obedience to the ‘call’ of the gospel, believes that Jesus is Lord and that God raised him from the dead. This is the point about justification by faith – to revert to the familiar terminology: it is the anticipation in the present of the verdict which will be reaffirmed in the future. Justification is not ‘how someone becomes a Christian’. It is God’s declaration about the person who has just become a Christian. And, just as the final declaration will consist, not of words so much as of an event, namely, the resurrection of the person concerned into a glorious body like that of the risen Jesus, so the present declaration consists, not so much of words, though words there may be, but of an event, the event in which one dies with the Messiah and rises to new life with him, anticipating that final resurrection. In other words, baptism. I was delighted yesterday to discover that not only Chrysostom and Augustine but also Luther would here have agreed with me.
Traditional protestants may not like this much, but it is I submit what Paul is saying. And I want you to notice right away, before I draw some broader conclusions from all this, three things that follow. First, Paul’s doctrine of what is true of those who are in the Messiah does the job, within his scheme of thought, that the traditional protestant emphasis on the imputation of Christ’s righteousness did within that scheme. In other words, that which imputed righteousness was trying to insist upon is, I think, fully taken care of in (for instance) Romans 6, where Paul declares that what is true of the Messiah is true of all his people. Jesus was vindicated by God as Messiah after his penal death; I am in the Messiah; therefore I too have died and been raised. According to Romans 6, when God looks at the baptised Christian he sees him or her in Christ. But Paul does not say that he sees us clothed with the earned merits of Christ. That would of course be the wrong meaning of ‘righteous’ or ‘righteousness’. He sees us within the vindication of Christ, that is, as having died with Christ and risen again with him. I suspect that it was the mediaeval over-concentration on righteousness, on iustitia, that caused the protestant reformers to push for imputed righteousness to do the job they rightly saw was needed. But in my view they have thereby distorted what Paul himself was saying. (
Source)
I have started reading Wright to see what he actually says. Thus far I am at the "He is saying some very interesting things as well as some things I am uncomfortable with" stage. 
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