Blowing out of his arse after ten minutes while being paid £90,000 a week to be a professional sportsman always endears me to a player.
Let's not forget when exactly he came to the club. Under Roy Hodgson, a lot of players struggled. Cole's season was extremely stop start. Getting sent off in the first match against Arsenal wasn't something I think he wanted to do, so he could spend more time sitting on his arse counting his money. It was a mistake and shouldn't have happened - shit happens though. I don't think he wanted to get injured twice that season. Like Bellamy around the end of this current season - it's hard to get into a run of form if you're not getting minutes regularly and the circumstances of his first season at Liverpool meant it was logical to keep him out of the side most of the time.
He's definitely not worth the wages he's on, at least not on what he's shown in a red shirt or at Lille (where he was good, but he had to accept a squad role even there). He and Bellamy are both veterans who can play a big role if rotated correctly. I think Bellamy is much, much, much better - but Cole at Lille showed he can still play at a decent level if he can remain fit.
I think we need quality in depth and while he's expensive, if Rodgers wants him here and Cole wants to prove himself here, then I think it could be to the benefit of the squad. We know Rodgers rates him, we know a lot of the playing staff like him, and we know that while he's no longer at his best he's still capable of quality. I mean, he was crap in that first season, and he still managed to get goals and assists.