Hard to want Gerrard to do well, but I like the multi-layered, inception-style approach to Gerrard and Liverpool failure - so I'll go with it.
That said, I reckon he's going to be rubbish. He was a tactically dodgy footballer, i.e., not very smart; from what I've seen of Rangers it's all pretty basic stuff and they've been handed a number of tactical lessons when I've seen them against nobodies in Europe.