Does Chelsea FC have the Premiere League title all locked up?

After reading the news today and having watched all of the very impressive Chelsea 4-2 victory over FC Barcelona (3/8/05), you can't help to wonder if the title is all but locked up for Chelsea.

For those of you who aren't familiar with European Football (Soccer in the US), Chelsea is the European equivalent of the (MBL) New York Yankees and (NHL) New York Rangers in the payroll sense. The only exception is that Chelsea has the chemistry to match the talent that the Yankees and Rangers severely lack.

Links:
http://www.chelseafc.com