Is it time to stop taking FIFA World Rankings seriously?

For those of you who missed it, FIFA announced its revised edition of its World Rankings yesterday and I'm sure that many of you will be as surprised as I was when you see the top ten looking like this:

1. Netherlands
2. Spain
3. Germany
4. England
5. Uruguay
6. Brazil
7. Italy
8. Portugal
9. Argentina
10. Croatia

Before I start my argument, perhaps we should look briefly at how this is worked out:

There are three main categories to decide where points are awarded; firstly, you have to win or draw, no points will be awarded for a loss.

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