another itinerary question!

hey, its my first trip to europe and i think i've finally decided a decent outline for my trip that im pretty confident i can keep to my budget (roughly 50-60 euro a day) and that also is generally a circle path so i can save on train tickets.
i leave mid december (not sure when) and have roughly 4-5 weeks to travel

I just want some help with:
- are my expectations to travel all these places in 4-5 weeks too high?
- are my expectations of my budget too high?
- should i consider spending more time in Eastern Europe? (Bulgaria, Macedonia, Serbia, Poland etc...)
- I dont really want to stay to the main places, as i said the itinerary is just an outline, can you offer some advice on smaller towns/day trips/any other places i should visit
Thanks!, heres my outline

London
Paris
Amsterdam
Brussels
Rome
Florence
Venice Salzburg
Innsbruck (skiing)
Vienna
Budapest
Brasov
Prague
Munich
Berlin

cheers! loz.

- are my expectations to travel all these places in 4-5 weeks too high?

YES.

For most of the cities on your list you need at least 4-7 days to see them properly. So with 14 destinations you won't even be able to scratch at the surface. With 5 weeks travelling you'll have 35 days, dividing this through 14 destinations gives you (theoretically!) 2.5 days in each place. In practise (taking travelling time into account) you'll have 1-2 full days in each city.

If I was you I would try to chop down your list of places to be to about 7-10.

- are my expectations of my budget too high?

50-60 EUR per day will work only if your Eurail pass is already paid for and is not included in this daily budget.

It will still be very frugal living because you should budget around 35 EUR per day just for food from the supermarket and a bed in a hostel. This amount of money set aside for these basic necessities will ensure that you do not have to worry about sleeping in the street or going hungry. Most of the time you won't need 35 EUR and you will manage with less, but especially in winter it is better to err on the side of caution. Exposure can kill you after all.

- should i consider spending more time in Eastern Europe? (Bulgaria, Macedonia, Serbia, Poland etc...)

Depends what you want to see. These countries are usually more friendly towards tender budgets. But keep in mind that in winter Eastern Europe is also colder than Western Europe because the Gulf Stream doesn't reach there.

Venice Salzburg
Innsbruck (skiing)

Why don't you ski around Salzburg? Or in Slovakia or the Czech Republic? Spindleruv Mlyn for example?

Budapest
Brasov
Prague
Munich
Berlin

I would go
Budapest-flight with easyjet-Berlin-Prague-Munich. Brasov is quite out of the way, I would therefore cut it out.

One more thought: Since you will be leaving mid-Dec you better check where there is snow before you decide where to go for skiing.

There have been several winters when the first ski-worthy snow came to the Alps (Innsbruck, Salzburg) at the end of January.

http://www.snow-forecast.com/
http://www.ifyouski.com/Snow/home/

And especially for Austria and Germany:
http://www.schneehoehen.de/

Since you have plans to travel Prague-Munich check out the ski area around the Großer Arber Mountain next to the Bavarian Forest National Park (Nationalpark Bayrischer Wald), it is near Bayrisch-Eisenstein where the train usually crosses the border between Czech R. and Germany.

Just a few quite notes:

1) That's way too many places to visit in such a short period of time. Unless you plan to arrive at a city, walk around and look from the outside, and not see any interiors of any sights of interests at all. It's winter, it's going to be cold, you wouldn't want to be outdoors at all, even if you're walking a lot. After such a long way from Oz to visit Europe, you want to see some of the magnificent art collections, architecture etc. Also do consider you'll be travelling during Christmas and New Year period as well, which usually means places would be closed, and if you have only 2 days at a particular city that coincide with say, 24th and 25th Dec, you'll see pretty much nothing.

2) The budget sounds reasonable, although you may need to, again, think about costs revolving the holiday periods. Accommodation may be pricey, food option may be limited that you may end up spending more with whatever that's available etc.

3) Eastern Europe would be cheaper, but it's also much colder, and while route planning for major cities are probably going to be fine, bear in mind services may be reduced in winter months and if you want to go off the track, some places may be difficult to access.

Re the itinerary, I would probably have done it this way, excluding Brasov which is very out of the way:

London - Paris - Brussels - Amsterdam - Berlin - Prague - Budapest - Vienna - Salzburg - Innsbruck - Munich - Venice - Florence - Rome

It's a bit linear (from north to south), with minimal backtracking. Of course, I have no idea though where you plan to start and finish your trip, which could explain the reason for you to plan the "loop" as you did.