Well I don't know how they rotate captaincy since usually it's Buffon and he wasn't playing.
Judging by reactions, he's not a huge loss as a player and I have to agree. Pirlo and De Rossi would appear to be the only midfielders certain of a spot - the third slot is pretty competitive with Marchisio, Motta, and Verratti, etc.
Essentially, this will not stop England from losing to them.