We haven't challenged for a league title under Benitez, only once, to my mind anyway have we looked an excellent side (back in 2005/2006). Instead of then building on that side major changes were made to both style and personel and now finally we look like we could be a couple of players off getting to that level once more.
I think in Reina we have one of the leagues best keepers. We have 4 centre halfs of pretty much equal ability, none of which are top class but could definately form a top class partnership with the right player if he was brought in. I think both full back area's are weak, the left back being the stronger of the two as Aurelio can actually pass a ball and offers some sort of attacking threat.
In midfield, Gerrard and Alonso are quality and with Mascherano as back up there's absoloutely no problems there (apart from when Lucas is used). Riera has added balance and intelligence to the left side and upfront Keane and Torres are more than good enough.
Now, what confuses me, is in my opinion, we lack a top centre half, a top right back and a good right sided player. But I keep hearing how good our centre backs, Arbeloa and Kuyt are. The reason this confuses me as I see all of these as clear weaknesses and people are telling me these players are upto it.
So if they are upto it, am I overating Torres, Alonso, Gerrard, Reina, Reira, Carragher, Mascherano and the rest? Where are the problems? Why don't we ever put together a title challenge? Are all the players good enough and its the manager?
For my mind, the manager costs us maybe 6-8 points a season by

I do rate Benitez as a coach and a tactician, as a manager I'm not sure. His signings have been in large poor. Obviously there are exceptions, but he's wasted alot of money on players that aren't upto it, he also though makes to many erratic decisions and wrong ones with regards to team selection andwith regards to his best players.
In terms of analysing a game and reading the flow of the game and being able to alter the pattern of play I think he's the best around, I just feel the basics sometimes elude him.
Back to the players:
Keane Torres
Reira Alonso Gerrard ? ? ? ?
Aurelio ? ? ? ? Carragher ? ? ? ?
Reina
That looks like a potentially top class team. You could put Pennant on the right, or Mascherano in the middle and Gerrard on the right and the team would still be classy.
I'd love us to go and sign Richards in the summer as a statement of intent. He would cost a bomb but I think we could get him if we were persistent. I also think we'd then have the best right back in the league, going from a position of having one of the worst full backs in the top half of the prem, to unquestionabley the best would benefit the team immensely.