Well, loop, I beg to differ.

1. They don't play that well. From time to time, they play quite attractively for a few matches and then the level sinks fast. Holland didn't qualify for WC 2002 and we had enough problems to qualify for EC 2004. Under Van Basten, the record looks fantastic results wise, but it was no pleasure to watch the qualification matches against Moldovia, Albania, Romania, Bulgaria, etc. A lot of luck and last minute goals.
2. Holland was European Champion in 1988, second in Worldcup 74 and 78, 4th in 1998. And yes, that is a long time ago.