I still think that when any top 8 T20 team playing another, the odds are never outside 60-40. Therefor, any team has a reasonable chance to advance to the final and winning it.
Aus seem to have the in-form team, but so does England. And though I don't think Pakistan have shown great form, they haven't been piss poor either. Tonked by Watson and DHussey in the first group, but the the games vs NZ and Eng went down the drain just marginally.
Still, Aus favourites, I guess.