Yehp, unfortunately the talent just isn't there at the moment and there is no miracle around the corner. Fans & media seem to be expecting the next McGrath, Waugh, Ponting, Hayden, Gilchrist & Warne to be all wasting away waiting for a chance in shield cricket. Or that level of talent to magically appear in players like Marsh, Head, Paine & Handcombe just by giving them a baggy green. Reality is players of that calibre come along so rarely it was a real blessing to get them all together in the same golden generation.
Like it or not India and at least a couple of other teams are just better than Australia at the moment, times change. Smith will help but we may never see a period of dominance like the 00's ever again, and if there is anything close chances are it'll be in another nation's team.