I dont think they will. They tend to get too gung ho in attack and I have seen them push both fullbacks up at the same time. also their defending on set plays is super bad. Lippi should play a big team and just dominate on set plays.
I'd find it interesting to see Marchisio instead of Gattuso. I'm not saying Marchisio deserves his spot (I think he doesn't by the way), but he might in the near future.
Score for Italy and help them to add another cup to their superior trophy cabinet? I'm sure neither Torres or Villa are capable of playing for Italy, no matter how good they are, so they'll just have to sit and watch Italy winning the thing