Its a bizarre appointment, but in all fairness what other manager would take it on? They have been through most of the top managers in Europe, they have a 2 window transfer ban, they have sold their best player and their owner is nowhere to be seen and if rumours are true is on the verge of pulling out.....couldn't be happier for them!
I think Lampard appointment has lessened the possibility of a John Terry appointment. If he's a success; after him they'll go for a top European Manager. If Lampard's a faiure; doubt they would want to take that risk twice