I must say I disagree with you there. The way I see it, in my opinion, Australia had 3 absolute world class players: Warne, McGrath and Ponting (who didn't perform to World Class standard, but is still on that level IMO). England had 1, Flintoff. Now, the tier below that, which I have taken to calling 'Bloody good', England have (again, all my opinions) Tres, Strauss, KP, Hoggard, Harmison, and Simon Jones (Bell would also be in this catagory, but he had a bad series. Martyn and Gilchrist don't appear in the Aussie list for the same reason. Australia have Langer and Lee.
So Australia outnumber us on World Class players 3 to 1, but we have 6 'Bloody good's to their 2.
Vaughan did not have amazing players, but I'd argue that he had a better team overall.