I'm with Bas here - I think England (and Italy) both benefit from *not* keeping your options open, and from committing hard somewhere with a solid ally.
In either country, you're only really ensured one neutral, so you're going to have to take your 5th centre from someone else. It doesn't even have to be hostile - it can be a gift from another player as part of an alliance.
Incidentally, I think this is why we see a lot of poor italian play - because your 5th centre typically comes from another player, I firmly disagree with the "wait and see" meta. I think that's a good way to stay on four centres until someone attacks you in 03/04. For some reason, this isn't as much of a problem for England.
Secondly, I think that a lot of players tell everyone "hey, I'm your ally, let's work together against <neighbour>", and then pick who they actually want to work with in 1902. I personally think that's a horrible way to play England or Italy (and probably the rest of the countries too, although I don't think you'd get punished for it as much).
I think the noncommittal style of press throws away any advantage that England has in 01, for no real benefit. You get immediate control of the North Sea - a super important space for the north. You don't want Germany/Russia/France to be guessing about what you're planning with the North Sea. You want them to KNOW.
I think being noncommittal will only breed distrust with your neighbours - and if there's one thing that your neighbours can agree on, it's that their game would be easier without having to watch their back for an untrustworthy England.
It's often said that England and Italy are about patience - I agree with that, but I think it's more "don't rush in blindly" than it is "wait and see what happens".
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As Russia, I'm only upset by a northern opening if it's the army that ends up in Norway. And, I'm not even convinced that I *want* two 1901 builds as England.