In theory England should do okay in the Euro's because everyone has written them off already. Usual norm is to make astronomical expectations and believe they will come true - which they never do so we all get irate and sack the coach. I think Hodgeson is actually pretty good and we should give him a chance, he has a fit squad and we have beaten Norway and Spain (albeit an incomplete one) in our last two games. Having also seen recent results ( Switzerland 5 - Germany 3 being one) there doesn't seem to be a logical pecking order so I am actually looking forward to the open competition in the Euro's, although we can expect Portugal, Span, Germany and France to be heavy-weights again.
With a squad of Terry, Cole, Oxlade-Chamberlin, Rooney, Welbeck we should be okay, although I haven't actually seen the official roster yet. If Heskey is there again I will rage.