It's hard to say before seeing where the money is spent, but I'm thinking Liverpool will do it this year. Man Utd were poor until Ronaldo started playing last year, and they will struggle without him.
Chelsea won't be very good, but they'll still come third. I think Tottenham will come fourth. They were very good when Redknapp took over, and Arsenal have got to rely on a lot of average players.
6th and 7th will be Villa and Everton, and City will come 8th, fully capitalising on their investment. The top ten will be rounded out by Fulham, who I am now a season ticket holder with, and probably Blackburn in 10th.
Burnley are as good as relegated, they just don't have the resources that even Hull had, and I think Birmingham will continue in their role as this decade's Palace, and get relegated again too. Wolves will stay up by the skin of their teeth, and Hull will succumb this season, because they think buying Frazer Campbell is a good idea. That being said, it's another season with about 9 teams that are bad enough to go down.
So, very preliminary Tastycles league prediction is
1. Liverpool
2. Man Utd
3. Chelsea
4. Tottenham
5. Arsenal
6. Everton
7. Aston Villa
8. Man City
9. Fulham
10. Blackburn
11. West Ham
12. Stoke
13. Bolton
14. Portsmouth
15. Sunderland
16. Wigan
17. Wolves
18. Birmingham
19. Hull
20. Burnley
As for the division below, Ipswich have money and the motivational power of Keane, and I expect the Sunderland story to be repeated and them to win the league. West Brom have got that division sussed, and I can see them coming up too, which leaves a very interesting play-off situation. I think Newcastle, Reading, Cardiff and Sheffield United will be in the play offs, with Reading making it.