FIFA world rankings...why they are completely rubbish

So the first FIFA world rankings, post World Cup finals, are out. For once they are not completely rubbish since the two finalists from the World Cup are ranked 1 and 2....how novel...finish first and second in the global football tournament...and you get ranked as such in the FIFA rankings! WOW!!! Don't laugh, in the world rankings in 1998 after France DEFEATED Brazil 3-0 in the World Cup finals, Brazil was still ranked #1.  The top 20 -

Ranking	Team	Pts Jul 10	+/- Ranking May 10		+/- Pts May 10
1	Spain	1883	1		318
2	Netherlands	1659	2		428
3	Brazil	1536	-2		-75
4	Germany	1464	2		382
5	Argentina	1289	2		213
6	Uruguay	1152	10		253
7	England	1125	1		57
8	Portugal	1062	-5		-187
9	Egypt	1053	3		86
10	Chile	988	8		100
11	Italy	982	-6		-202
12	Greece	975	1		11
13	USA	969	1		12
13	Serbia	969	2		22
15	Croatia	968	-5		-73
16	Paraguay	961	15		141
17	Russia	956	-6		-59
18	Switzerland	940	6		74
19	Slovenia	917	6		57
20	Australia	911	0		25

A couple of things that make this rubbish once again:

• England went up 1 spot??? Huh??? They got throttled by Germany 4-1 and they did not even win their group, yet they move up? Explain that one to me.
• Egypt ranked 9th? Um what group were they in at the World Cup? Oh right they were home watching because they did not qualify. I realize they are the title holders for the African Cup of Nations, but not making the big show should knock you out of the top 10.
• Uruguay, Chile and Paraguay were the biggest movers on the positive side, deserved...that is not rubbish.
• France on the other hand dropped all the way to 21st, that is rubbish!! Should have dropped below 25 behind Ghana and Mexico!

These ranks are pretty useless, mainly because no one really understands how they are generated. Well at least no one that is not in the Blatter camp! Here is an idea, after every World Cup we reset the rankings. Rank all World Cup nations as the "best 32" and the rest fall into place based on how they finished qualification and some magic. At least that would give the rankings some semblance of reality. Integrate the different regional championships into the ranking when appropriate. That would give a better or at least a somewhat more realistic World Ranking.