...continuing on 2010...

That draw technically means Italy could face Denmark, Japan or Cameroon if they top the group or face the Dutch if the come in second (assuming the Dutch win it effortlessly like they normally do - for the group stages)

...And that being said, the toughest could be

2nd round: Italy vs Denmark
QF: Italy vs Spain (damn!)
SF: Italy vs Argentina (double damn!)
F: Italy vs Brazil (bummer!)

But, hey, that's why it is the World Cup - there are no easy matches! :)