Nobody said Roenicke is major league ready at this moment.
But he is a combination of tools (BA's best tools reliever for the Florida State League) and performance (did well at every level so far, including AA).
Roenicke will need some more AA and AAA time, but if he is as dominant in '08 as he was in '07, he will be a Red by the end of next season.
With Cordero, Burton, and Roenicke as the late-inning guys, the Reds would have some flame throwers down there.