Hodgson says Gerrard is staying. Which from what I've heard Stevie say in the media jives with him staying. Torres is apparently exploring his options. Monster Masch wants to go to Inter and Hodgson is apparently willing to let him go, for a price.
I see it like this...
Stevie G- stays
Torres- 50/50, but most clubs who aren't willing to pay a mint for him are ruled out. It would have to be a club like City or Chelski
Masch- Gone
Also, Reira is gone, as is a few other dead weight players. We look to bring in Young, and Melo. I think if we can actually sell the club, we'll be ok. I'm holding off on my doomsday predictions... for now.