Today there is a Baseball Prospectus story titled "Hope and Faith-How the Cincinnati Reds Can Win the World Series". This is a subscription based story, online HERE.
I shouldn't post the whole thing, but the article lists five factors:
1. Homer Bailey 2. Adam Dun comeback 3. Keep finding cheap talent 4. Alex Gonzalaez's defense 5. Joey Votto at first....
Here is a fair use quote:
"While the Reds certainly have many question marks, they have many reasons to be optimistic. If at least a few of these marginal improvements occur, then the team could win 85-90 games, which might be good enough to win the NL Central. Once they get to the playoffs, a top three of Harang, Arroyo, and Bailey might be enough to get the job done. It's enough to give Reds fans reason to hope."