why would you have to sacrifice Cole, Rooney or Walcott? Look at the players on the pitch for Liverpool last night...probably their best player was a winger (babel)...who was involved for their first goal ? Torres....
the amazing thing is, England have done precisely f*** ALL in major competitions for many years - the teams that tend do do well, play TWO holding midfielders.
I don't think Gerrard has the tactical discipline to fit into a team also containing, Rooney, Walcott, Joe Cole AND Lampard. I can't see it happening.
Did you read his recent interview with the BBC? Basically moaning that the team isn't built around him at England like it is at Liverpool.
Most teams don't play two holding midfielders, holding midfielders are a fairly new invention in themselves.