Ancelotti said it perfectly when they asked him who does he wanna face in the 1/8 finals.
He said : Barcelona !!!
I'm sure noone will be happy to get Milan, i know i wouldn't want my team to get Milan ( if my team was there..grrrr).
Forget about last 2 needless ( is there a word needless ???
) matches in CL and forget about serie A.
Champions league is a different level where tradition and experience count more than current form ( and i say current form, which means you have to make a difference between Milan in early December and Milan in mid February).
Hell, as much as i don't like it, Milan does have the tradition, the experience and the great team to go far in CL. Zlatanov wrote a great post about why is Milan underperforming, and how it has to do a lot with the physical condition. Milan will have some 3 weeks rest from playing in CL or serie A in January, which can be used for hard trainings, so Pirlo, Gattuso and many others will have time to get back to the form and condition they had during summer WC and before that. Add 1-2-3 new players in January, and you get a team even Barcelona will be scared to play against in the 1/8 finals.
Oh, and the draw is on December 15 ... 8 days from now !