£4 mil seems a bit cheap. I think the signing of Walcott would fall into the category of buying someone elses problems. He lacks consistancy and seems to do well every third or fourth game and then for only short periods within the game. The few gooners I know always say he is frustrating.
But as you rightly say Oli, He would be a massive improvement on Downing.
One of the managers at work is a Gooner and his dad is a season ticket holder and rumblings are that he will be allowed to go for that amount. Yeah he has been inconsistent but im not sure he is an out and out winger maybe a move into the middle of the forward line up maybe the way to go with Wallcott