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I think in the future it will be more possible for the other teams to have a go with the way financial backing is changing. Man City have put in high investment and a world class manager and in 2 years could have a hell of a squad. Portsmouth and VIlla with good investment and a 2-4 year time frame could also have a decent go, more Villa than Pompey as Pompey will never be competitive in years with an African Cup.
Good post gaffer, and it really is quite ridiculous when you consider everything. Which is exactly why sports in the USA have salary/luxury caps. (Although those would kill the BPL)