Myles,
With the blogosphere still alight with comments on what Wenger should do with the current team's frailties, I think most fans are still of the misguided opinion that new star names will change the team.
That's not going to happen, because that's not really the problem.
I've been watching Carzola lately and he's getting that funny bug players get when they come to Arsenal, like a disease that afflicts a previously brilliant player (ala Arshavin, Rosicky et al) and slowly makes him insipid, indecisive and hopeless. He's also probably starting to tire because of the sheer number of games he has to play especially coming from a league that's less physical.
The group of people you work and play with can either bring you down or lift you up (Maybe explaining why RVP might have a blinder of a season).
Many good players come in to Arsenal and play really well for a season…or 2 if they are tough, but then the general culture of the club gobbles you up and makes you slow and uncompetitive. Something changes in your psyche as a player. It wasn't always like this, but now, now its gotten endemic.
At this stage it doesn't really matter who comes in.
Something bigger needs to change, the mentality needs to change, the spirit of play and the spirit of the team used to be slightly fragile even before during the invincible days, but now its getting dangerously close to being apathetic.
The players are mostly accomplished, talented..well most of them are and with a great change in attitude we'd all see it. Place this same team in the hands of Jose or Fergie and tell me we'd be seeing such abject displays week in - of course not. The problem is in the mind, the lack of purpose and belief is the real problem..so buying star players isn't really going to solve this little problem we have.
I sometimes look at Wenger and feel a mixture of admiration, pity and rage.
In so many ways he's brilliant, but he's not really one to observe and adapt to things. He's an innovator, he makes new things, forges new paths - but in the modern world, your innovations are only going to last as long as the next adaptation and reactions to them. Wenger at the moment is cannibalizing himself, tarnishing his legacy at Arsenal every season and not even seeing it.
Maybe he is a modern day Sisyphus.
In Greek mythology, Sisyphus was a king punished by being compelled to roll an immense boulder up a hill, only to watch it roll back down, and to repeat this action forever.