Fall 04 commentary
Austria - Italy did decide to stab you as it turns out, which is bad for you and may ultimately be bad for him with strong France and Turkey still sitting there with 4 units. Russia now has 3 units bordering Vie and Turkey has 2 bordering Ser. Italy took Gre from you but moved away from Ven though he may build there. You are now in a tough spot and could really use a friend. Try to come up with moves that at least keep you at 3 in the coming year and hope that someone else's situation changes enough to change your current dynamic. No builds, no disbands.
England - down to your final center and it will be tough to keep that or grab a different one in the coming year, though Bal probably has a slightly better chance of doing so than Hel. Only thing that may work in your favor is that Russia, Germany, and France all have units adjacent to Den, so maybe you can facilitate a bounce of some sort which allows you to hold it. Even so your long term chances are about nil as your home centers are all occupied so even if you grabbed a second center you wouldn't be able to build anyway. You'll have to disband one of the fleets. Bal seems more useful in general to keep, though if you just want to attack France out of spite then Hel is the better choice. Hel could be used against Germany too, but Bal seems more useful in that regard.
France - you have 2 builds coming and solid positioning. Minor concerns at this point are growing Russia which could slow your expansion into Germany and especially Scandinavia and also Italy moved to Pie, though he doesn't have anything close by to use with that yet. You'll have to decide whether to respond to the army in Pie by fully engaging Italy or simply building a defensive unit and continuing to focus on northern expansion. With the bulk of Italy's forces committed in the east and with him in conflict with Austria and Turkey currently he may have just brought a knife to a gun fight, but will engaging fully with him leave you strong enough against Germany and Russia to continue to make gains in the north? That is what you will need to figure out and build accordingly.
Germany - The bad news is France is putting a ton of heat on you. The really bad news is you need to disband a unit this turn, which likely means saying goodbye to your chances for taking Den assuming Ska is the disband. The only good news is that Russia moved away from you (Sil-Boh) and seems inclined to try to halt France rather than attack you in the coming turns based on opening up StP (presumably to build a fleet in NC).
Italy - Short run analysis - great moves, you get a build. Medium-long term, not nearly as excited about these moves. Go after Austria for the build OR move to Pie to provoke France, but to do both while still tied up with Turkey seems a bit over ambitious. In particular the move to Pie seems like you may get everything you asked for and then some. Stay in Ven or move to Tyr there and France is probably content to leave you alone for now and continue to focus up north. But now you are almost forcing him to respond and most of your units are over by Turkey and in the Balkans. We'll see how this plays out, but sometimes a short term gain is a long term loss (I think we covered that early in this game as well). All that said, you do get a build which probably needs to be in Ven since you just attacked Austria, though you also could use another fleet if France decides to come after you for moving to Pie.
Russia - solid turn, you continue to grow and you have positioned yourself well against Austria and not bitten off too much by trying to also fight Germany right now. The Turkish retreat to Rum cost you your second build so now you need to decide whether to build a Fleet in StP to hold off France or an army in War or Sev to throw into the southern front. I do like the StP to Mos move last turn, great for multiple reasons - opened up StP for potential build and it provides cover/defense of Sev in case Turkey decides to go there from Rum.
Turkey - retreat to Rum left you even this turn and you did get the Italian attack on Austria which may help you get back into the mix in this one if you take advantage. Best thing that can happen for you now is if France comes after Italy in response to the move to Pie. You'll need to decide whether it is better to try to go after Ser while Austria is weak and tied up with Russia or if you are better off trying to help him and hoping he returns the favor by supporting you against Italy. Though really it is hard to see a scenario where Ser is available to support you rather than trying to hold off Russia. No builds, no disbands.
Rankings by tier
Legit solo threat - France
Strong second, should be part of any eventual draw if no solo - Russia
Ascending, but will this be short-lived and a repeat of England from earlier in this game? - Italy
Okay for now, but circumstances need to improve for long term success - Turkey, Germany, Austria
On the verge of extinction - England