In this announcement, he must address a number of pressing issues, including whether or not he can count on unity between his principle central defenders John Terry and Rio Ferdinand.
Terry of course will be attending court following the tournament, charged with racially abusing Ferdinand’s brother, Anton, although he will be pleading not guilty come the trial. Hodgson will also have to resolve the captaincy issue, with both Ferdinand and Terry in the frame to take on the role. If the early rumours are to be believed, it is Ferdinand who is expected to be left out of the squad, which would surely end Ferdinand's career in England, which has spanned 15 years and seen him win 81 caps.
Current captain Terry is not just under pressure from a legal perspective. His attitude was recently brought into question following his attack on Alexis Sanchez of Barcelona during his club side's, Chelsea, Champions League Semi Final second leg tie.
The resultant red card means that Terry will now miss the Champions League final on Saturday in Munich, and it could also be possible that Hodgson might just consider John Terry too much of a liability to take to Euro 2012.
Other issues not connected to Terry that Hodgson must deal with include his choice of strikers, which will head to Ukraine and Poland with Wayne Rooney set to miss the first two games of the tournament.
It already appears that Darren Bent will not make the squad due to injury, which should mean that Andy Carroll of Liverpool, Danny Welbeck of Manchester United and Daniel Sturridge of Chelsea, the latter two of which are not necessarily first choice players with their clubs, will be called upon. A recall for Peter Crouch and a surprise inclusion for Norwich striker Grant Holt have also been muted.
Other areas which might prove difficult for the Three Lions boss will be whether to include Paul Scholes, the evergreen Manchester United midfielder who has hinted that he would welcome a return to international football at the ripe old age of 37 (from the Guardian, via ESPN) after coming out of retirement this season for his club and who has already confirmed that he will be returning to Old Trafford for the 2012/2013 season (per the BBC).
The squad is due to meet up on May 21 before flying off to Spain for a training camp. Hodgson will take charge of his first game in the friendly against Norway in Oslo on May 26 and has a final warm up game against Belgium before England's opening game of Euro 2012 against France on June 11.