I like Arsene's system. It's why I became an Arsenal fan. It didn't hurt that at the time I started following European club football Arsene had players like Viera, Henry, Ljunberg, Bergkamp, Pires, etc. they played a beautiful game.
I think Wenger knows that style of play produces results. Back then they played like Barca or like the Spanish national team. A better system than tons of long balls over the top, or one guy taking on like 5 guys Maradona style imo.
I think Arsenal lacks a strong leader on the pitch, and a true defensive mid. Arteta just doesn't impress me at all.
But you're absolutely right. Gunners fans have been spoiled. A lot like us Bronco fans.