I dunno about that, maybe. If they don't meet Germany or Spain in the way they could. Even Portugal could prove too strong for them, not to mention all the wildcards. They're still not up there with the other strong teams imo.
No doubt, though it's hard to say who is better because of the different positions (i.e. Gigi being GK and Pirlo being outfield). But, they are both #1 in their respective positions.