Long term I would be very surprised if he fits in with what the owners/Comolli seem to want - he's getting on a bit, has frequent injuries and probably gets paid an absolute fortune.
Has he played at all under Kenny? He certainly hasn't started.
Seems odd that Poulsen is getting games whereas Cole isn't but if he really has been totally frozen out I would imagine we would have shifted him out on loan in the past month.
I suspect he will be off at the end of the season anyway, along with Poulsen, Maxi, Kyrgiakos, Jovanovic and probably a few others.