As much as we've come along since the debacle of 2010/11, I think we're still a little short of being at England's level.
Interesting among the talk of Australia's bowling and Phil Hughes that it hasn't been noted how much Hughes and Mitch Starc have blossomed after their recent season in county cricket. Hughes rebuilt his technique and has scored runs for fun, and looks a lot more assured. I saw him make 74 for Adelaide against Perth in the Big Bash and he was superb. If he keeps his confidence he can be as good as he wants to be. And Starc ripped it up for Yorkshire. He should do well in the England series.
As for Quiney, much as I like him, he was given cheap caps and shouldn't have been selected. His domestic one-day form leading up was awesome, but he'd only scored 78 runs in four or five Shield innings. So he was picked on his limited overs form, and the 86 he scored against SA in the tour match. He should've played one-day cricket for Australia already (he's a monster in the short game and has been for a few years), but he should never have played a single test.