C'est Le Geurre couldn't win the MC if he started now IMO.
Speed Gifted is flying under the radar for mine (as much as you can be flying under the radar when you're $7 for the Cup). He smashed the field in the Metrop. In that race, Fiumicino was beaten 7L on his preferred soft surface, and he came out and ran a good race on Saturday, getting within about 4L of Viewed on a dryish track. There is good money around for SG this Saturday in the Cox Plate (into $7.50 at certain agencies - hope he wins ... I got $34 before they officially announced he'd skip the Caulfield Cup :D ), and also good money on the multis for him to do the Cox Plate/Melbourne Cup double.
It's not often you can say this, but I think the bookies have got the Melbourne Cup market pretty much spot on. I can't see anything outside the top 5 in betting winning the race (the top 5 being Efficient, Viewed, Speed Gifted, Alcopop and Roman Emperor).
On the Cox Plate, they're kidding themselves if they don't put So You Think into the field. I'm partly talking through my wallet as I've got him going at 30s, but I reckon it's great to see a quality 3yo in the field as it adds another dimension and more hype to the race (eg. Samantha Miss and Miss Finland)