England are said to be favorites by far by all the bookies. But I don't know, I mean England aren't what they were. Cook, Trott and Pietersen are the main three batsmen who will make big scores, the rest seem a little feeble. Whereas I feel, Australia have the Watson, Clarke, Hughes, Cowan all who have the temperament for high scores in Test cricket.
In the bowling, England will rely on mainly Anderson and Swann. Broad is hit-and-miss player, and Bresnan not that great. Whereas Australia have Starc, McKay, Pattinson and maybe Faulkner. Also have so say Agar (the 19 year old spinner) looked good.
All I am trying to say, is the series is anyone's for the taking.