@Mitchell - I have family reasons for talking a tactical game. It's how I was taught, from being a toddler
Now your point about 4-4-2 being a dead formation... Spain very often deploy a modified 4-4-2, especially when Torres and Villa are both fully fit, Germany play a version of 4-4-2, Bayern reached the CL final playing 4-4-2 exactly the way Hodgson always deploys it, and Fulham, that's
Fulham for crying out loud, reached the Europa final playing 4-4-2, where they were beaten by an Atletico side who also play 4-4-2. Real Madrid play a 4-4-2 reminiscent in shape of the old Brazilian model (some would call it 4-2-4, but you end up with 4-4-2 out of possession, so it all works out the same) and Spurs play a 4-4-2 as do Sevilla.. How many midfielders you put in a side, 3 or 4 or 5, is less important than how they utilise space. The days of the top teams playing two Gerrard style midfielders with two traditional wingers outside them are long gone, but with a specialist holding player, a specialist playmaker and two wingers willing to cut inside and take advantage of the fact that very few full-backs are genuine defenders these days, then 4-4-2 is still very much alive and well. It survives because it's versatile. If you play split strikers, and hard working wingers then it can become 4-3-3, 4-5-1, 4-2-4 or any other variation based on a flat back four that you care to name, as the game situation demands.
The key to success with it, is to have players in the creative positions willing to accept that they'll have to work hard to a drilled game plan. Maxi will do that gladly if he stays, Cole's days as a lazy show pony are long behind him, Jovanovic isn't afraid of a shift, nor is Kuyt (although I'd argue for Kuyt to go back to outright centre forward as cover for the injury prone Torres) and I think Babel will come good if given a run in the side. Find a left back, a covering right back, a loose forward (or another winger and play Cole, Jovanovic or Babel behind the striker) and give the kid Pacheco a run in the squad, then Hodgson has a top four side
if the players back him and his methods. If not, then 2011/2012 will be the season they break back into the top four, after he rebuilds and tweaks a little to suit how he always lines his teams up. He will line up 4-4-2 ( or 4-4-1-1/4-1-3-1-1 if you prefer to think of it that way), what matters is how the players react to his methodology. Personally, I think it suits the current Liverpool squad perfectly with only minor tweaking needed and that should be achieved with the funds from the sales he's almost certain to make in the coming weeks. (Insua, Deggen, maybe Lucas and probably Mascherano if the rumours are to be believed)
Sidenote: I would say that Keane & Scholes and Petit & Viera were better for certain, and that Hamann & Gerrard, Di Matteo & Wise (spits) and Batty & Lee were arguably equal to Mascherano & Alonso as a central midfield pairing. That's probably an issue for another thread, though