example of Stu's point:
Liverpool won the league with 8 games remaining, and cocked all those up but it didn't matter :P
I agree with most of what you are saying stu, but you haven't covered why we didn't sufficiently improve after Owen, Baros, Hamann and Carragher were all available again. Continuity and confidence come into this of course, as you said, but isn't Houllier's task to inspire confidence and motivation in our players?
Still, good point, a whole chunk of our season was eaten by injuries, which is one cause of the big gap between ourselves and the 3rd place.