Carrick went for £18m, Hargreaves £18m, Anderson £17m, Mikel £12m, Ramires £18m, so only Hodgson and the Daily Mail would see £5m as a good price for him.
That said, I love the guy. He is completely a Liverpool player in terms of his mentality and love for the club and is far more effective than any of the other 'water carrier'-type midfielders that other clubs have as he is more mobile and reads the game better.