I only scanned your post because i have to go out now, but i disagree.
At the start of the season our team had sparkle, and shitloads of it. But we were weak, bigger stronger teams could take our sparkle and shit on it. Now Hughes is trying to build a team that can compete, win battles yes. In the premierleague you have to be able to win battles, half the teams base their tactics on kicking you and running around a lot. Once we have a team that can win these battles consistantly, not by simply becoming battlers themselves, but by having grit and class (see De Jong, Zab, Bellamy, classy players, but hard as well) then we can add extra sparkle. This gives Robinho et al the platform to create, it gives them time and space, and more importantly the ball.
People cite Barca as a team tha plays amazing football, but watch them, Henry, Eto'o, Messi, Xavi, Iniesta, all amazing players, with technical brilliance, but under Guardiola, they all track back, win tackles, press the opposition, because that is what you need to do to dominate possession. It's not simply being able to pass the ball all day, you need to be able to get the ball in the first place. Chelsea under Mourinho were brilliant at it. Arsenal at their peak had Viera and Gilberto in the heart of their midfield.
Once we have the solid team, we have the money to add the extra class, to take the step up. There is one vital factor that we need to achieve this - TIME. It doesn't happen overnight.