I remember reading somwhere that Glen said that the trophy was ours already. I wouldn't go that far, but deep inside I know that I agree with him.
We had the best team last year and have improved that team with some excellent players. The only team that has the same team as last year is Milan, and we have certainly had a better mercato than them. Also, they have players that aren't performing as they should (Rui Costa) and they have a lot of key players that are too old. Inter have improved, but also lost some players and are down on morale. Also, let's face it; Inter never anything. Roma have improved, and look strong as always. I always fear Roma, they have a great manager, some of the best players in the world, and have made some great signings. But they lack debth, and can't do without Totti or Samuel. Lazio have some off-pitch problems, and doesn't have the team to go all the way. They may be up there though. Parma aren't in it at all.
If we stay away from major injury problems on a few key players that we just can't replace (Nedved, Buffon, Del Piero perhaps(we should have bought sufficient backups for these...)) we will win. I think there's at least an 80% chance we'll win again.