Two steps forward, three steps back?
Watching some old footage this morning, from 2005, it reminded me how much this current Gunners squad has changed in the last few years. For so long, the likes of Lauren, Henry, Ljungberg, Pires, Bergkamp and Vieira were the first names on the teamsheet. No more.
Times change, teams change, but are we changing too much too rapidly, to mount a substantial and successful Premiership and Champions League challenge?
The signings of Sami Nasri and Aaron Ramsey are undoubtably exciting for us Gooners.
Nasri, even if he isn't quite as potent as Zinedine Zidane, is likely to be turned into an attacking gem by Arsene Wenger - after all, that is what Le Boss does best.
I was really impressed by what I saw of Ramsey last season, especially in the FA Cup, so let's hope he impresses when given the opportunities.
But if those players are simply replacements for Alex Hleb and Mathieu Flamini, we've not made any particular progress, have we?
Manu Adebayor is surely certain to follow Hleb out of the club and I for one am praying it is Huntelaar rather than Roque Santa Cruz who replaces him.
But even so, our problem last season was down to how thin the squad was when injuries and suspensions kicked in.
Let's be honest, if Eduardo had remained fit and Robin Van Persie had played half a dozen more matches, the chances are that we would have won the title.
Today's papers have more speculation, this time suggesting we'll buy Gareth Barry, who, although a solid player, has never tempted massive money bids despite being high profile for almost a decade. I suspect he has already made up his mind to go to Liverpool anyway, and that suits me fine.
Amaury Bischoff is another who Wenger is set to sign - a midfielder who hardly got a look in at Werder Bremen but who has a lot to do to make it into the first team, methinks. The chances are, he will be a replacement for Gilberto, who is on the verge of signing for Panathinaikos.
Which leaves us not much better off than we where we fiished last season. Except with more acclimatisation to wait for before the team starts competing again.
It could be a long season...