Take these rankings with a grain of salt as they don't mean much, but for those of you who are interested in following the world rankings, FIFA has just updated their list for post-Euro 2012.
One of the big reasons why the USMNT slid so much was due to the Euros, as recent, important matches count highly toward the overall grade. Another, however, would be the middling draw with Guatemala in the WCQ. That definitely hurt a bit.
Discuss it as you will.