Do we have a squad capable of mounting a 'serious' title challenge next season ?

of course we can and we will.. Didnt you see us take on the likes of manu and chelsea without torres.. That definitely shows we are capable but the problem is consistency, we performed well against the best sides but performed poorly against lower table teams.. But now dalglish has the full season and isnt going to get stuffed up by hodgson again i believe championsleague football will once again come to anfield.