Found this on atpworldtour, Andy seems to keep cool about the whole fav thing. Good sign.
"I feel good going into the Australian Open but after what happened last year (1st RD loss to Tsonga) I don't want to get too carried away. I just need to concentrate on each match and fight hard as every round will be tough."
"I am one of the top guys but I don't know if I am the favourite at the Australian Open. There is Roger, Rafa and Novak, who won last year. I like playing in Melbourne but I did not play well last year."