ENG
I also would advocate KP being given captain of the test ODI until he retires. ENG in this new phase needs an innovative captain, Cook is the kind of "lead from the front with runs" captain - that only works well if the team is playing well.
ENG in this rebuilding phase needs a captain with similar tactical acumen to Michael Clarke & KP is the only one equipped to do this.
Best XI: Cook, Robson, Compton, KP, Bell, Root, Stokes, Foster, Broad, Anderson, Rankin
Ballance, Taylor, Davies, Finn, Onions, Mills, Meaker, Panesar
Robson: Think Carberry is a solid player that could make runs at test level, but he was well worked out by an AUS bowling attack that bowled as well as any 4-man attack has bowled in history really.
But ENG need to go to youth & axing him for the much hyped young, Sam Robson is the obvious replacement.
Compton: Should never have been dropped, but he must be immediately recalled. He is the perfect # 3 replacement for Trott who is unlikely to return. Ian Bell is a top player but he generally comes across as a reluctant # 3, so just leave him @ # 5.
Their may be times due to emergence of Stokes that ENG will want to play a spinner & 5-bowlers. But this should be assessed on match by match basis - since its obvious ENG don't have an proper all-conditions spinner. Panesar despite his deficiencies remains the best - but he should not be played in all tests.
The choice for the keeper in James Foster is a bit of personal bias. But if the aforementioned balance is selected, this may be the best time to give the best ENG glovesman since Jack Russell a run in the side. However if this doesn't happen - you always have Steven Davies, who is the best performing 4-day keeper in ENG.
Agree pretty much on the Stokes situation re 4v5 bowlers, but there's no reason Stokes couldn't bat seven as part of a four man attack with Foster as keeper. I found it ironic England dumped Read just as they moved towards a four man attack where a keeper could be less relied on for runs.
I think it will be as much a crime if Davies never gets a look in as when Nixon was in top form and only latterly made a few ODI appearances.
If England don't have a good enough spinner then playing one for variation isn't a solution unless there is turn in which case I still lean towards a four man attack anyway.
Agree with most of what you've said overall, but really can't agree on Compton, scored a couple of hundreds against the kiwis which ain't much to boast, then 54 runs in six innings.
Besides anything else England would look stupid if they backtracked after his reaction to being dropped, I doubt they would anyway.
Not sure I'd agree with your summary of Carberry, other than the aussies worked him out and I'm not surprised as he looks like a wicket waiting to be taken.
Neither he nor Compton is the right side of 30 to be pandered too with unlimited chances, I'd rather someone like Robson were given a chance but having ponced around quite a bit over the past few years with Taylor, Compton, Carberry, Root, Bairstow and now Ballance without any of them seeming to be a fixture, there are doubts if England will make a call with a youngster and give him an extended run in the side.
Root had a decent run in the side, but for some reason the selectors dumped a 23 year old who'd been batting in the middle order, then asked to open, then moved back again, in favour of retaining a 33 year old who is looking very much like being dropped sooner or later.
As for the captain debate, I'd give it to Bell for the time being as I may have said elsewhere/before. I would not give it to an ego like Pietersen, that's asking for trouble. Trott might have made a decent captain, not convinced he'll play again for England.