Re: happy with where we're going?
The problem is, this team currently has a two-year window (at most) to be competitive. Arroyo will almost certainly be gone, and Harang may be gone as well unless he inks a multi-year deal. Dunn has two more years on his contract. Freel has one. Griffey aged dramatically last season and may be waiver fodder after 2007. We're talking about the core of the team here.
You can't expect Votto, Bruce, and Bailey to produce like veterans in 2008. They'll likely need a few years of seasoning. And by that time, Ross, Phillips, and Encarnacion will be expensive and/or approaching free agency.
The 2008-09 Reds will have plenty of holes to fill -- more than the 2007 Reds, IMO.
The team has cash right now. Overpaying a guy like Ted Lilly wouldn't be such a bad thing, even if he ends up like Eric Milton v.2.0. As I've said before, another Eric Milton would hurt the team a lot less than another Kearns/Lopez fiasco.
I say go for it.
"I prefer books and movies where the conflict isn't of the extreme cannibal apocalypse variety I guess." Redsfaithful