Yeah, you'd rather play Everton than Chelsea even if we had a full fit squad. Without Arteta/Yakubu, you'd pick us in a heartbeat.
I think if the game was next week you'd rather play Arsenal than Everton though. However, if Arsenal have players back from injury (in 6 weeks time? What's with that huge gap?) you'd rather play us again.
Having said that, we have a decent defence (only conceeded two goals in a game once in 25 games according to the paper this morning), and as long as we have Cahill and Saha there's always a chance of us nicking a goal or two, providing we can make the game "not one for the neutrals".
On a side note, if a miracle happens and we won the cup this year, we would have beaten 4 of the top 5 teams (by league position). Has there ever been a team with that bad a draw through to the final?