Cabaye isnt a shadow of what he once was. Loftus-Cheek isnt theirs. I like Puncheon, think he is under rated, but he is only "decent". McArthur is ok. Milivojevic has looked like a rank amateur every time Ive seen him, terrble player.
Townsend is rubbish. For all his obvious qualities he is lacking the ability to put them together in a meaningful way.
Benteke is another who is a shadow of his former self. On form he could keep them up by himself, but it is about 3 years since he found form. Would be great for them if Hodgson can get him firing again.
Defensively I think they are relatively sound, particularly as Hodgson has them well drilled now.
BUT - I maintain their midfield is weak. And if they lost Zaha so would their attack be. Townsend isnt good enough to carry it.