I think this team, if healthy, can compete for a wildcard spot. Of course I am an extremely biased Reds fan so my opinion doesn't mean a whole lot in the big scope of reality.
I would love to have another viable option or two for a starting pitcher but the season hasn't started yet.
Bottom line to me is the health/injury factor. Last year was horrible in that regard for the Reds. If the Reds remain healthier than the other division foes, then I like our chances.