These teams have made it to the last 16:

Group A
Nothing decided yet although Chelsea should win against Cluj in the last game and be joined by Roma who should beat Bordeaux.

Group B
Inter are through and will be joined by Panathinaikos or Anorthosis (they play each other in the last game)

Group C
Barcelona are through and so should Sporting if they dont lose to Basel as Barcelona crash at home to Sjachtar.

Group D
Liverpool and Atletico Madrid are through to the last 16.

Group E
Man Utd and Villareal shared the points last time, which meant they are both through

Group F
Lyon and Bayern Munich are expectedly through

Group G
Arsenal (trouble in the league) and Porto are through

Group H
Giants Real Madrid and Juventus are of course through.

Our list so far
1. Inter
2. Barcelona
3. Liverpool
4. Atletico Madrid
5. Villareal
6. Man Utd
7. Lyon
8. Bayern Munich
9. Arsenal
10. Porto
11. Real Madrid
12. Juventus
———–
13. Chelsea?
14. Roma?
15. Sporting?
16. Panathinaikos?

Now this would make the last 16 really symbolize the best teams in Europe.
Although Milan and Valencia are missed due to a weak 2007/2008 domestic season…