I'm not that pessimistic offensively. If Mauer comes back and Morneau gives you anything, the offense should be better than worst in the AL. I Like Willingham and Doumit. Doumit tends to get hurt but anything that keeps Butera off the field is a positive.
The question that many of the "optimists" have failed to address is pitching and defense. Fanatic Jack is right when he points out that the Twins bullpen isn't just bad it might be the worst bullpen in baseball in maybe 20 years. Perkins is basically the only guy that would ever be counted on for a .500 team. The starting rotation is bottom 5 in the league and even if you think Liriano gives you solid innings, 10-12 wins, and an ERA under 4.00 they are, at best, a bottom 10 starting staff. There is no metric that you can trot out to make this pitching staff look anything but horrible. You have a bunch of light throwing guys who don't miss bats that give up ground balls to the worst defensive infield (Carroll should help) in the AL. They give up way too many hits and don't really minimize the walks as much as they used to.
I don't blame management for not spending money (they are) but I do blame them for not calling it what it is, a complete rebuilding year. The $100 million roster is a complete failure and needs to be rebuilt. They are in a good position to trade a bunch of people not in the long range plans. They have zero chance at competing for a division title this year and that's OK. It shouldn't even be the goal. The roster needs to be rebuilt so they can legitimately compete in the next couple of years.