Italy are the best side in the Euros. They have a much tougher draw than England (England should coast to the finals); I still think that Italy will win.
Credit Mancini for calling up so many Italian players and then assembling such a bright, young, talented side alongside an experienced back line.
Mancini seems to have the full backing of his players- on field performances reflect dedication and hard work.
Finally, the style of football Italy are playing is extremely enjoyable - crisp immediate passing, threatening through the middle, and along the flanks with short or long balls, high press to win the ball back... I'm extremely impressed at what Mancini has accomplished.