Hang on. Two bad series and we are past it? Sure we've lost some legends in the past few years. We've still got ponting, hayden (even though hes in shocking from), michael clarke, stuart clark, andrew symonds, katich, hussey and johnson. Haddin is a great keeper and is a destructive batter as anyone. Shaun Marsh is a batsman for the future. Phil Jaques is still there but he's injured. Shane watson is one of the best allrounders in world cricket when he is fit. Also we have numerous bowlers that could come through at anytime and do a job. Peter Siddle is promising and a few more season around the national set up and he will be great. Ben hilfenhaus and doug bollinger are swing bowlers that can trouble any batsman and they are still in theri early to mid 20's. Ashley noffke is possibly the best player not to have played a test and although he is injured. If any middle order batsman get injured or are unavailable we have brad hodge who has a test double hundred against south africa. Also david hussey, luke ronchi and michael klinger who has been tearing up the domestic season this year.
Also India will have a rebuilding phase soon. Tendulkar is still batting well but i feel injury will start to take hold of him sooner or later. Rahul dravid is getting on. Laxman is also the wrong side of 30. Those names will be as hard to replace as some players australia is replacing at the moment.
So its not all doom and gloom.