Little bit controversial, "it's all in the past, let it go etc etc etc" but in a period of quiet on the boards I thought I'd post the question for anybody who's interested.
Firstly it's fair to say that some things would be better, and probably some things worse. The style of play would be different along with the personel.
Here's my read on it. I don't think we would have won the Champions League. OK nobody can be sure and it was done with largely the same players we had under Houllier but some of the players who made massive contributions either wouldn't have been here or wouldn't in all likelyhood have played that way under Houllier. Garcia was a big factor with his goals, Alonso on occasions with his holding midfield play, Carragher at centre-half, Djimi Traore and Igor Biscan in any capacity whatsoever in the playing sense etc etc.
I think though that our league form would have in all probability been more consistent. Under Houllier we were generally fairly difficult to beat and while not being too expansive or exciting, would have finished in fourth last season IMHO.
The key question and the main reason for the post however is Djibril Cisse. Clearly, as the bloke who actually bought him you would expect Houllier to have more faith in him than Rafa. Therefore Cisse would in all probability have played pretty much every game when fit and it's hard to imagine him not scoring at least a few more goals.
The thing is though, most people on the board are of the opinion that we massively overpaid for what is at the absolute best, raw talent. Had Cisse under Houllier not really done the business, shown the same attitude and erratic finishing, where would that have put the manager in the eyes of the fans? On the back of some extremely questionable and expensive mistakes, how would the fans have accepted the form of Cisse based on a transfer fee of 14 million quid had Houllier still been around to carry the can?
I have noticed one or two hankering back recently to the Houllier era. He has made a good start in France and if that continues, along with rafa finding it hard to come to terms with domestic football then the hankering may become louder.
My feeling is though that Houlliers leaving came at just the right time for Liverpool. When I look at the contribution of our record signing and a couple of massive earners who don't get in the first team either through form or injury, my suspicion is that his leaving when he did was very timely for the Frenchman also.
P.S. any threads about our previous manager seem to stir up vitriol. I'm not having a pop at him here, this is just my observation on the situation.