In medium bowl, combine raspberries and 1/2 cup of the raspberry cranberry drink; mix well. Spoon into 12 sections of ice cube tray. Freeze 3 1/2 hours or until firm.
To serve, place 1 ice cube in each of 12 wine glasses. In large pitcher, combine remaining raspberry cranberry drink, wine and carbonated beverage; stir gently. Pour into glasses. Garnish with orange slices.