Just finished 2012 demo. Was sitting in 2nd come Jan 1st, three points off united and won all of my champs league games even when I put the kids in for the last two (group was shit). Got knocked out of the two bob by ManU.
Arsenal are actually pretty good and with a bit of magic, you can strengthen the team significantly; managed to sign Gotze and Kagawa permanently, got Perotta on loan from Roma and Thiago from Barca plus had arranged for Tevez to join for £15m in January (I would assume that you can sign him for that in the summer but I had other priorities and not enough money). Imagine I'd have had no budget going into the following season as I already spent it in the clauses for the guys from Dortmund (...after 30 league games).
Sold Arsh, Rosicky and Almunia straight away, then around november once they get fit arranged deals for Squillaci, Chamakh and Diaby that were set to pay for Tevez. Played 4-2-3-1 with VanPersie as the advanced playmaker, Kagawa and Gotze either side as inside forward and winger respectively and Theo upfront as advanced attacker who was scoring almost a goal a game; Perotta and Song were the two with Ramsey largely as first sub. Gervinho is useless because he can't settle so he sat on the bench most of the time. Mertesacker is class.
Still has the same injury bugs as all of the other games and I think the team talk system is broken but couldn't say for sure. Will probably buy it when it's released and play about some more.