Possibly. But I can't see Arsenal finishing in the top 4 for some time to come. Arguably, they are now the 6th biggest team in England, and they would have to have an extraordinary outlay on players/season to finish above the likes of Man United, Chelsea, Spurs... who will undoubtedly be challenging for top 4, beside the obvious, bigger and better two. So I just can't see him leaving us for that kind of challenge.
The rose tinted bit, is seeing us vying for a European place, just as Arsenal will.