I have got myself into bother for my views on this which I expressed on CSF. I don't want to go through it again, (Hopefully Bob Martin isn't a member here) but India are top of the bunch at the minute, not only is their record good, but they seem to be gelling as a unit and have a fantasticly cool skipper. Zaheer and Ishant are gem's and I can't think of a left armer as good as Zaheer for a long time. The Fab Five are now the Fab Three and certainly Gautam, Yuvraj, Bhaji and Zaheer are stepping up. Promising signs as India are now officially 2nd.
As for Australia, their bowling is weak, Lee hasn't been himself and there aren't Mr Consitents in Warne and McGrath for Punter to throw the ball to, and his captaincy has been badly exposed over the last few months. Batting still as storng as ever though, Katich, Haddin, MC and Symo are really producing the goods atm.