Of course I'd laugh at the smug, arrogant Chelsea cunts if they did throw it away, especially if they finished the season with nothing, but Chelsea are a better team overall I'd say and they're effectively buying their success, so it's easier to write off their achievements. And it'd be less galling than if they threw it away and Arsenal weren't the team to capitalise, though we'll finish below both teams anyway of course, so in that sense it doesn't really matter and at least they wouldn't have become the 2nd team to win back to back titles when that title should have gone to Arsenal!
But it looks like Arsenal might be able to end their domination next season, if we add some steel in the summer and keep our confidence high and they'll have bought their back to back titles anyway, so in a way I don't care about that...