Going by our points comparison, no. We're just doing the same as usual. Meaningless win runs that leave us between 2 and 4th offer no comparison to the Invincibles at all. That is just yet another pointless media stat thrown out there.
We've had a squad that can compete a few times. The problem is the manager cannot 'manage' them well enough to get the maximum out of the group. With the money spent, two FA Cups is not enough to justify the expense of this squad and is vastly short of what they should be pushing for. Europe remains a joke - and after 15 or so attempts it's fair to say that is never changing.
Wenger has to go at some point. The club needs to be forward thinking about that change and take on a young manager who could potentially remain in place just as long as Wenger, deliver what they need financially and what the fans desire too. But of course it won't happen. Just fanciful thinking on my part.