Personally, I though England, did as well as could be expected with the current crop of players. My expectation was that they would do well to get out of the group stages, which to their credit, they did with the most points and then lose in the quarter finals, which they did, but they battled all the way to penalties. We are in the top 5 to 10 teams in Europe, not the top 5.
I thought the Italy match was finely balanced for the first 20 minutes and from that that point the Italians asserted themselves more and more, but England still created the odd threat and opportunity.
We have to accept that our system for producing world class talent is lacking and that is down the FA to resolve this with their new Football Academy.
The team IMHO gave it their all and you could not ask anymore from them. I though some of the players played consistently well, Gerrard, Parker, Terry, Glen Johnston, Joe Hart spring to mind. We need more talented individuals in the team, some of the younger players need more experience at this level, our clubs need to be much more positive over friendlies as this is one of the few opportunities for the team to practice.
Personally, I think Roy Hodgson had a good first tournament, so lets get behind him and support him in improving the team, qualifying for the 2014 World Cup and hopefully starting to bridge the gap so we become one of the world's very best top teams.