I think everything is a matter of perception. You either take the downbeat view that we will be relying heavily this season on unproven foreign players coming over on loan with no experience of the league...or you take the positive view that we are getting some very classy players for nothing, all with their best years ahead of them (most likely two in their mid twenties, two early twenties and a teenager) who will be desperate to prove themselves and who will play without fear, for them everything about our league and indeed our country will be new to them (Ikechi apart) and that can be seem as a positive for us because nobody else in the division will know much about them! This summer we have not been forced to resort to signing players who got relegated the year before with the Sheff Utds and the S****horpes of this world or players who've moved around the English lower leagues but never really settled anywhere and for who Watford was just another line in their career description on Wikipedia.
I'm definitely of the latter view and I think most of us here are. Besides a new player in July no longer feels like a new player by October!
That said, as I posted elsewhere, I'm delighted we are still bringing in a few from this country, to mix it up a bit. Hall is an experienced Championship defender and for all the deserved praise Heaton and Cudicini get here, it's worth noting that Almunia has played four times as many competitive games than either of them in the last five seasons.
Following Hornetboy's excellent post, if a few of our squad players were to depart, reducing our wage bill a bit..and even allowing for having to pay the wages (and I guess living costs?) of the Pozzo Five,
we'd still have a decent chunk of the £2.75 million to invest in a 20 goal a season striker! 