Disagree.
I think there's less great teams and a lot of 'above average' teams
Competitive close results can mean anything. There's more teams that are great, poor, or somewhere in the middle. I think there's a lot more teams who are somewhere in the middle than normal, personally. A lot of the teams you'd expect to be in their own pack at the front; Man United, Liverpool, Chelsea, Spurs, are all very beatable. Equally I think there's a lot of teams who you'd expect to be from 11th-17th who are very hard to beat; Palace, Brighton, Sunderland, Us.
Doesn't make the league dog muck.