If some people were hesitating whom to choose among the 5 hyped favorites (Spain, Brazil, Argentina, Germany and Italy), after Matchday 1 - I think it's pretty clear that it's Germany who'll be top dogs in this tournament.
Spain misplayed in such a way, that Holland who were far from in the same bracket, dislodge them in my eyes.
Brazil and Argentina are in known soils but they are yet to impress and find their real gear.
Italy show tactical solidarity of a top-team, but not as much as future World Cup winners yet.
Germany are highly impressive.
Holland will be the strongest team among those that were not considered as favorites challengers. England didn't play as badly as expected, while Uruguay misfired. Belgium can hold lots of promise but needs to be confirmed tomorrow. Portugal lost most of their accreditation today. France and Columbia are still underdogs that are tricky opponents.
Yeah, overall I'd say the top bracket are Germany, Brazil, Argentina, Italy and Netherlands. While there's a solid second bracket of Spain, France, Columbia, Belgium and England.