I don't see Italy getting very far. They are in quite a weak group, and it won't be until the quater-final when they will be really tested, it could be the likes of Portugal or Germany or England.
Italy looked powder-puff upfront against Norway, and the loss of Buffon will be great. Toldo is a great stand-in, but Buffon is still miles better. Just like Van Der Sar compared to De Goeij for instance.
I see Italy not progressing further than the quaters, and I'm guessing on a final between Holland and France, that is if France can defeat Spain in the quaters.