The PL is finally suffering from years of uncompetitive football. It has long been that the top 4, maybe 6 teams fought out the silverware and major TV and Prize money, and the rest were just there to give them some teams to play. The rest of the PL know they are not going to win anything, and so you can almost predict who is going to finish where they do. Besides, PL players have that enormous crumb of comfort - the average PL wage. It's also some indicator as to why Championship teams don't automatically become relegation fodder. They're still hungry and on a roll of success from the previous season.
I would agree with Saintsmagic that commentators, including pundits, are massively in favour of the PL, and it has nothing to do recognising quality, it's more likely ignorance. Slightly off topic, but just to add to the point, I was slightly astonished, when Saints and Pompey's recent game at FP was covered, and Alan Shearer and Steve Claridge were the experts. Shearer frankly, barely knew any of the Saints team outside of Lambert and Lallana, whereas Claridge gave him a lesson in being able to talk all around the subject - because he knew. PL pundits definitely have blinkers on. Yes, I know Steve is mainly a FL pundit, but you'd expect a working knowledge from an ex-Saint.