Every game I see progression in the way we are playing under Ancelotti both collectively (and also in most cases individually). Keep this up and results will start to look after themselves.
Time will tell if this is a flash in the pan, but I get the impression that he is working with the players strengths and weaknesses to fundamentally make us play better. As newer players come in, and the remaining players improve, I think we could have a high ceiling to our level of performance over the next couple of seasons.
Add in the new stadium, and what looks to be a decent financial backing, we are on the up.