Excellent progress so far.
The team has matured a lot as the winning run progressed. The performance against Sao Paulo was interesting. While we lost that game and missed loads of good chances, we completely bossed the South American champions in the way you would expect the likes of Juventus, Bayern or Milan to boss the game. There was certainly progress to be seen.
Coming second is still a big ask. Man UTD will drop points and I still think they will have a difficult time yet when the fallout of Roy Keane leaving settles, but they are out of Europe and that is probably worth an extra 5-6 points - at least - to them in the Premiership. We are probably due another sticky patch but I think it will be close. There is every chance that we'll go into the last match with a chance of second place.
The Champions League will be very difficult, but there is an air of confidence about the side now, and we have proved we are very difficult opponents in two leg ties. I expect us to get past Benfica but after that we could run into a road block in the form of somebody like Barcelona or AC Milan, bent on revenge. However, if the draw is kind to us for the quarter final (such as a PSV or Villareal/Rangers) then things will get interesting. The last 16 draw was strange as a few big clubs were drawn together. All of this will be academic if we don't beat Benfica, but after watching the Lisbon team against Man UTD, I genuinely think they are one of the poorer sides left. Liverpool have plenty in the tank to beat Benfica, and if we go out, it will be because of our mistakes rather than anything coming from Benfica.
Great progress so far, but it will be all for nothing if its not maintained and built upon.