No doubt that any team that goes 27-5 in the regular season and nearly wins a Super Bowl must be considered a legitimate title threat for the immediate future. The Pats are favorites at 5-1 to win SB XLVII (GB 11-2, PIT 6-1, PHI 6-1). In fact, the real question is how the Eagles can be anywhere near those other teams as tied for third favorite next year.
Still, when you break down the 2011 Patriots season, it is more than fair to point out that the only team they defeated that finished with a winning record was Baltimore, and that game was as much about Baltimore losing as New England winning.
Another truth is that in the past four seasons, the only playoff wins the Patriots have are over a Denver team that smoked and mirrored its way to an 8-8 division title (and then beat a depleted Steelers team) and the aforementioned Ravens victory. Despite prolific regular season winning totals, the Patriots are not nearly the team they were from 2001-2004. Not an indictment, either, because the 2001-2004 run was the most dominant of the past 16 seasons by a long shot.
Yes, the Patriots have turned over large portions of their roster, but don't pretend they haven't lost a lot in the process:
2001-2004 postseasons: 9-0
2005-2008 postseasons: 5-3 (road losses at Den, at Indy, SB XLII NYG)
2009-2011 postseasons: 2-3 (home losses vs. Balt, vs. Jets, SB XLVI NYG)
For me, the Patriot mystique arguably peaked in the 2006 playoffs. It wasn't surprising that Denver beat NE in 2005 given how the Broncos under Shanahan had consistently been trouble for the Patriots, and Denver was 13-3 to NE's 10-6. When the Patriots took advantage of San Diego's implosion to reach the AFC championship, then ran up a 21-3 2nd quarter lead at Indy, I was resigned to another likely championship heading to the greater Boston area. Giving up the largest championship game lead in history was the first indication that the Patriots were no longer the same team. I know they rebounded to post their epic 18-0 2007 season and again it looked like 4 titles were inevitable until the Giants upset them, but really, that 2006 AFC championship was the first -- and with hindsight, the best -- title chance that slipped away.
Heading into next season, it can certainly be argued that the Patriots are as likely as any other team to make and win the Super Bowl. However, that pales considerably to where expectations were prior to where things were prior to the 2004-2008 seasons. Then, there were the Patriots and everybody else.
The greatest QB ever debates are all ridiculous to me. These players can't be isolated from their teammates, coaches, etc. Suffice it to say that Brady has been a brilliant QB over the past five years, but the Patriots were clearly better at winning championships when it wasn't all about the offense.
My biggest head-scratcher is why people hail the genius of stockpiling draft picks when the championship window is open NOW and the players being drafted with these stockpiled picks of past seasons are rarely contributing on the field. One additional defensive playmaker instead of a few high draft picks just might have secured another SB championship for the Patriots. I don't understand it.