Well i reckon Liverpool are pretty sorted in the keepers department and even in the wingbacks with Dudek, Carragher,Riise and Finnan still there.
They need some pace in their central defence and unfortunately hyypia,henchoz and biscan all fail to provide any of that Ostemobor apparently didnt impress on loan either.
Theyre midfield depth leaves a bit to be desired too. Gerrard is world-class, Kewell blows hot and cold, Smicer and Murphy are good at times, Hamman is probably off and Cheyrou is definitely gone, and it's a tad much to expect heroics from Partridge, Welsh and Potter.
Up front Cisse will need some time ala Henry, Pires before he starts running rings around everyone, Baros will be under pressure to repeat what he did at Euro, Owen now that he's been injured so much is about half as fast as he used to be and Le Tallec may not be ready to step in and perform week in week out.
So I reckon Liverpool still need a couple of top defnders, First team and cover for wide midfielders and in the centre plus one more proven striker prefferably with experience in the Premier League before they really can push Arsenal and co next year, but i reckon Benitez is just the guy who can build a team in a season or so like he did at Valencia.
Sorry if I offended any Liverpool fans with my analysis but I'd still be a bit cautious before expecting the title in the next couple of years!