Lippi simply had an old squad and tried to make it "younger" by throwing in a few young players for the World Cup when he should have blooded the younger guys starting in the Euro tournament. They have young enough talent to recover soon, Balotelli, Rossi, Santon, Chiellini, Criscito, Candreva, De Rossi, etc.
I still glad they get a beat down. Playing that defensive brand and hoping to win 1-0. During the last 20 minutes today they proved that they can attack although I think Quagliarella made all the difference.