Only 3 players performed at a standard even vaguely near what we expect under Hodgson - Reina, Lucas, and Torres (say what you like about him sulking, without his goals and assists we would not have been anywhere near 12th when Kenny came in). None of the youth stood out, so much so that Roy refused to pick any of them for a while, though N'Gog flattered to deceive in Europe.
Since Dalglish came in damn nearly everyone has surpassed the level that Lucas and Torres played at in the first half of the season, so outside Reina everyone can only be judged on the performances since January. Therefore Suarez, Kelly, and Meireles, who have been massive for the side are the clear choices, ahead of Reina who had a disastrous game at West Ham. That Kelly is among these 3 makes him the obvious choice for Young Player, and while I think he's been our best player his injury will ultimately count him out for PoY (who I expect to be Suarez if plays all our remaining matches in the same vein as he has started, and since we have only a game a week until the season close I can't see why he won't be able to do that).