I've known Newcastle fans make similar comments as you, but not quite as politely

. In fact, I know fellow Liverpool fans who are unimpressed and let's not forget that Real Madrid supporters weren't exactly overwhelmed during his time there.
Basically, I agree that he isn't the same type of forward anymore but if he sets up camp in front of the opposition goal and waits for the ball to arrive he can still strike a ball when he's match fit.
Actually, watching your side last season Owen seems to have added a bit more heading ability to his game. Can't say I can recall him ever launching into many 50-50 tackles though!
It wouldn't shock me if there was another Brand Name signing in Manchester, but I think it would be for City.