It really hasn't been all that long since Webb ran well. In summer of 2010 he ran well at the end of the year. Webb's 2010 Progression:
August 14th, 2010: 800: 1:52.32, 7th place (winning time: 1:49.4)
August 28th, 2010: 1500: 3:41.16, 1st place
September 3rd, 2010: 800: 1:48.34
September 9th, 2010: 1500: 3:36.21, 5th place
September 26th, 2010: 5th Ave Mile: 3:53.72, 4th place
November 24th, 2010: 5k: 13:36, 1st place (Beating Rupp)
Webb can definitely get down to 3:33 again this year. I don't know if he will ever be the 1:43/3:30/3:46 guy he was... but he certainly can be a 1:46/3:33/3:50 guy again. The question is... with Lomong, Monzano, Wheating and Centro... will that be enough to make the Olympics?
Along with Torrance and Brown, the above 4 and Webb would make for a very interesting final at the Olympic Trials.