sri lanka are too hot and cold for no.1 team, too reliant on outstanding individual performances rather than solis consistency. but they are a good tournament team.
world cup final, Asia cup champions, twenty20 finals, they've done better the longer the tournament.
of course they've had a few stinkers as well, they were poor in the first twenty20 WC and in the world series they last played were demolished by india and australia. that compaq cup thing wasn't really a tournament (though 1 win a piece to india and SL they hardly embarassed themselves)