IMHO the bid is doomed to fail. As things stand there isn't one ground in Ireland that is a) suitable and b) available, and it doesn't look likely that two will be there in 2008. Not 100% on the situation in Scotland, but don't two stadia need to be built? The proposals being that Dundee and Dundee United share a new ground in Dundee and Aberdeen build a new ground as well.
(Also what sort of attendances are these clubs getting? cos if they're going to be using 30,000+ seater stadia. how often are they going to be full?)
better to wait a few years and put in a proper bid then, methinks