We've had numerous exciting generations of players in the last couple of decades and never been able to make the most of them. I don't buy into claims that we tend to overrate our squads and consequently expect too much. I firmly believe we've had the players in each of the last 6 competitions to mount a serious challenge and believe the generation of players coming through at the moment are more exciting than any from the last decade. So I can't stress how delighted I'd be if the manager that took us to Euro 2012 was not Capello. The guy is evidently incapable of creating unity within the camp (admittedly most would struggle on that account) and his judgement during the World Cup in terms of team selections was unforgivable.
That's the side I'd open with and there are so many other players to consider. Welbeck's coming good, Bent's a top finisher, Defoe's a good player, Walcott, Downing, Milner, Lennon and A Johnson provide depth out wide, I like Carrick, I'd seriously consider Scholes if he was up for it, Barry's still decent, Gerrard and Lampard could do a job from the bench, neither Tery nor Ferdinand are absolutely past it. Baines, Jagielka, Lescott...