I don't think so. Redknapp has done well at every single club he's been at. People accused him of not being able to deal with a big club, but look how well Tottenham are doing.
Not saying that he's the ideal choice, but not a bad one. Him & Hodgson are the best English managers around. I think Hodgson should give it a go. I mean, he's been linked with Liverpool, so England can't be worse.