With Australia's defeat to Pakistan, all teams have been beaten in this WC. So really, no favorites. And also, what was initially prophesiced to be a dull initial round, has in fact proven to be wrong atleast in group B, thanks in no small measure to England
Group A was a disappointment, the only games really taking it to the brink being SL vs Pak and Aus vs Pak. SL vs Aus promised much but was cut short.
But Group B has been a different story. England has been Pakistanesque, burning into cinders when shining bright, and rising from the ashes pheonixlike when everyone had written them off. Windies have been quite an enjoyable package and have been much better than their previous versions in the last decade's world cups. India has been India, chugged along exposing their frailities but equally amplifying their strengths as well. SA has been a revealation, with a "complete" array of spinners and batsmen who can actually play in the subcontinent.
I would say this WC so far has been really enjoyable, perhaps the most enjoyable in my viewing history. No juggernauts, no walkovers, etc. Even the minnows have pulled in their upsets as well and made it interesting, without really affecting the mood or following of the tournament as a whole.