Unless something drastic happens at the club (like Wenger leaving immediately), we will not win the PL this season. There is no way this lot will win the big games and no way will the team have the balls to fight for their manager.
As for us being favorites last season... at NO time were we favorites. Everybody who has remotely followed Arsenal over the last decade or so, predicted that we'd fold and die the moment we hit difficult fixtures. Yes, I was cautiously optimistic and hoping that I would be proved wrong but every evidence pointed towards the contrary, and that is exactly how it panned out.