I am not convinced England is the team to beat. I would say they are one of the favorites, but Italy is still defending champion and they have a cake draw. I also think Spain is a top 3 contender, IF Torres is healthy. He is one of the best strikers in the world. England's Rooney is also, but he is not as able to score from anywhere like Torres.
Either way, I cant wait for June, 2010.
BTW- I will be cheering on the good ole' USA, as well as the Netherlands. i like the Dutch. As a Nation, they excel at damn near every sport...