Its a very un-inspiring, easy appointment that says we have no intention of challanging in the future. I have nothing against him and he has done a wonderful job at Fulham but I think we could loose quite a few players, including Stevie and Nando, if he is brought in. I just don't think they will see it as a step in the right direction.
Also, if he is holding out for the England job as reports suggest, he doesn't really want the job and we need someone who is totally commited to LFC. Dalglish would be my choice if this is the kind of appointment that will will make.