As you can see, there are basically 8 teams fighting for the 7 seeds. Little has changed since the new cycle began, but things will be getting very exciting shortly. In November, the World Cup qualifying draws will be made. That will have an impact on these rankings, especially when it comes to the Euro teams. In addition, this December is the first of the three months (12/08, 11/09) that make up the final ranking. With all the tournaments going on this summer, we'll see lots of changes in the FIFA rankings before then.
Mock Draw
Pot 1: Brazil, England, France, Germany, Italy, Portugal, South Africa, Spain
Pot 2: Croatia, Czech Republic, Greece, Netherlands, Romania, Sweden, Ukraine
Pot 3: Australia, Costa Rica, Iran, Japan, Korea Republic, Mexico, USA, Uzbekistan
Pot 4: Argentina, Cameroon, Colombia, Cote d'Ivoire, Ghana, Morocco, Nigeria, Paraguay, Uruguay
Group A: South Africa, Czech Republic, USA, Paraguay
Group B: Spain, Ukraine, Mexico, Nigeria
Group C: France, Iran, Cote d'Ivoire, Colombia
Group D: England, Croatia, Japan, Ghana
Group E: Brazil, Sweden, Uzbekistan, Morocco
Group F: Italy, Netherlands, Costa Rica, Argentina
Group G: Portugal, Romania, Korea Republic, Uruguay
Group H: Germany, Greece, Australia, Cameroon
Argentina not being seeded would certainly create the possibility of a monster group like shown here, much more than a top Euro team not being seeded. Of course I'm doubtful something like this would happen.