Have you lot lost your memories? England played one decent side this tournament and were thoroughly out played. Not sure where this new found optimism comes from.
We didn't go out because we were out played over 120 minutes, we went out because we fucked up the penalties (again).
The funny thing is that if we had won on penalties everyone would be going on about our strong organisation, brave defending, well thought out tactics and so on rather than us being outplayed. Just look at how people view Chelsea's performances in the Champions League.
Whilst improving things such as youth coaching will help, the real problem is that we aren't a tournament team. It might be the pressure of expectation, might be the media, might be confidence or whatever but we need to address it. You only have to look at the German team of recent years to see it, they haven't got the best players but they perform in tournaments.