I'd definitely say my Germans have the nudge as being early favourites with a close second to the defending champs Spain.
The group of death has a lot of Power, I see Holland/Germany getting out. Portugal has to play as a cohesive team or else they are dropping 2 games right away to Holland/Germany.
R.I.P. PRIDE FC
GSP . Vitor Belfort . Alexander Gustafsson . Daniel Cormier . Dan Henderson