I must be watching a different show, as I find their 'analysis' to be about insightful as the rest of their comments. Putting a big arrow pointing to the space a guy ran into doesn't make the comment any more intelligent.
I hate to say it, but I find the analysts on US sports much more knowledgable and, when required, not afraid to rattle a few of the players' cages. 5 seconds after a play in American Football, the guys in the booth have everything broken down and can explain in great detail what went right (or wrong), who missed coverage, why the QB threw an interception, why a lineman didn't get the correct angle to block, and give a history of the last 10 times the QB made the same play and how well it worked out for him.
For me, the guest analysts during World Cups, Euros etc. are the ones that most often deliver the goods. Strachan, O'Neill, Gullit identify and explain things few people consider (especially the idiots presenting the programme).
If you ever read one of Jonathan Wilson's columns in The Guardian (never mind one of his books) you can get a flavour of how interesting real analysis can be. His depth of knowledge of tactics, how and why they have evolved etc. is incredible. He is the kind of person that should be on MotD - not some moronic footballer who creases up at the sound of his own farts.
There are few ex-palyers who can speak intelligently about the game, and ever fewer who aren't so far up the backsides of the establishment that they will actually voice an honest opinion.