The Gunners wideman is expected to be named in Fabio Capello's 23-man squad for the South Africa tournament after a hit-and-miss campaign for the Gunners.
Walcott has previously starred for the Three Lions and his most notable performance came when he netted a hat-trick in a World Cup qualifier in Croatia in 2008.
He was a shock inclusion in Sven-Goran Eriksson's party for Germany 2006, although he did not make one single performance in the tournament.
Now 21, Walcott is hoping to make an impact this time around and hopes England can deliver for the fans.
"It's all about the big stage. Do it on the big stage which in previous years we haven't done," he told Sky Sports News.
"We just need to go one step further for the fans as well. They travel so far and at times get disappointed.
"So I don't care how we play as long as we get results - that's all that matters, everyone just remembers the champions.
"It's one of the biggest events of your career. You want to be known as playing in a World Cup and potentially winning it as well.
"Just getting the chance to play with them, getting the chance to see Wayne (Rooney) and the way he trains, he always wants to win.
"Same with Stevie (Gerrard) and all the players, but especially Wayne, he's one of those players that you want to be on your team."
Walcott has spent a long period of the season sidelined with injury and has only started 11 games for Arsenal as Arsene Wenger's men failed to mount a concerted challenge for the title.
The Gunners are on course for a third-place finish and Walcott concedes that the injury to star striker Robin van Persie was a major thorn in their side.
"People say if we had Robin we could have a bit more of a chance," he added.
"Players that came in, Nicklas Bendtner's done fantastically well, scoring goals, and that's what you get judged on.
"We've had a lot of defensive problems as well but the likes of Sol (Campbell) have come in and done a great job."