We'll probably play 4-4-1-1 with Carroll or Kuyt up front; Downing, Gerrard playing wide; Suarez in the free role and Lucas and Meireles at the center. Adam will be an option to play in the center, and so will be Henderson on the right.
As a plan B, we could play a 4-3-3 maybe. Kuyt, Gerrard, and Suarez can be a good front three with Lucas, Meireles and Adam at the center and full backs providing the width.
It may not be that much apparent but we do have a lot of options even if our signings look like "average" to rival fans.
For a Net Spend of 35-40M GBP, we have got Suarez, Carroll, Henderson, Adam, Downing, Doni and lost Torres, Babel, Konchesky, etc. We can also sell more deadwood and players surplus to requirements like Aquilani and get about 10-15M GBP in fees, which can be invested in getting a new Left Back.
I don't think we are doing that badly as people are trying to say.