For me Hodgson is still stuck in Fulham-land and getting results you'd expect Fulham to get. Yes people say he hasn't had much time and he has Benitez's team but the signings he has brought in have been absolutely terrible; Haven't even seen the two centre midfield players on the pitch much. Paul Konchesky is an absolute joke, if he is Liverpool standard something is wrong, i'd choose Aurelio over him any day. Also he says Cole hasn't been performing, in my opinion he hasn't even had a chance to play in HIS position, just behind the striker. You can't expect a right footed player to play on the left side and play well consistanly unless he's always played that position. Not saying Hodgson needs to go, just needs to dig himself and the club out of the hole they're in, otherwise he's gone.
Although a Spurs fan myself, i completely hate the fact that is see teams like man utd, man city and arsenal above us and NOT Liverpool.
If there is one guy out there who can get Liverpool out of this situation, not rapidly but steadily, that's not Hodgson nor Rafa. My bet would be Martin O'Neil.