Well, I think many of you guys are too harsh on Moggi.

.
I dont think one bad season suddenly makes him a bad coach. After all, we won 2 scudetti, and went to CL final last 2years.
Furthermore, selling Zizou, and Pippo and replacing them with Nedved and co. was a materpiece.
In general, he is a very good GM regardless of how we performed this year.
So instead of blaming for every single things that went wrong this season, we need to evaluate critically on what he has done wrong over last couple of years.
Here are some of my conjectures...
1) Not selling Thuram, and Davids.
As I have said previously, (and I did!

) it was unlikely that Thuram, Davids
were unlikely to repeat their performance last season. Instead of going through all the trouble, our management should have sold Davids when the offers came in, and should have actively sought for buyer in Thuram's case. At the end of day, all great players performance, and especially value decline with age. The key is when to know that he has reached his peak. When you have bunch of star players aging...then it is inevitable sign that empire is about to collapse.
With hindsight Moggi would have love to sold these players and reinvested money on young players, as well as balancing books.
2) Not buying defenders.
It was obvious last season that Montero was gone. He was exposed in big matches (I could have done research on relative difference between avg. goal conceded against average teams and compare that with the stats against so called better teams). Iluliano was pretty poor.
Buying Legro wasnt bad idea at the time as he was considered to be a good player back then but real criticism lies in that he didnt buy additional defender, which many of us here thought he should have done.
3) Not buying quality passing midfielder.
Those who watched last season reguarly knows that our passing was never up to the standard. While we managed to beat teams through sheer will and physique, we cannot always do that esepcially when most of the players are over 30. Quality do prevail, note this Moggi.
Some way to move forward.
1) Sell the stars
Moggi should realize with our current core, we are destined to be behind Milan for quite a long time. This means buying some quality players who can form the backbone of the team. Inevitably some of the stars should leave. While I see Thuram, Trezeguet, Tach, Montero, Camo as must leave, Moggi should also consider selling Nedved and Alex. After all, who is going to offer big bucks for srub like Iluliano? The idea is sell the best to raise fund in order to restructure the team.
2) Spend on stars
Yes, Moggi, you should realize that in a competitive transfer market we cannot always get the bargain. Sometimes you have to realize that you have to pay the money to get the goods. And fans want stars as well.
There are plenty of good players around...
Van der Vaart, Diego, Mexes, Hinkel, Rosiky, if you can see them..
3) Build and install culture...
"Spirito Juve"... - my ass to some of the players this year.
We need young players who are willing to work as a team, and hungry for success. In a competitive football market, it is hard to get good value for players, but one can create value by creating a team culture that complement the players. Milan did that to the perfection this year...see Pirlo and Rino.