Is this the most open Champions League for years? When the holders lose home and away to a side which did not even get out of the group stages, it would suggest the winner could come from a larger field than usual. And that may open up the possibility of an English Premier League club triumphing for the first time since 2012.
Real Madrid's 3-0 defeat by CSKA Moscow at the Bernabeu on Thursday may have been in a dead rubber but it was their heaviest at home in a European competition. They did not play the kids. It was embarrassing. Real are vulnerable and are not alone in that. Plus, with all four Premier League teams - Manchester City, Liverpool, Tottenham and Manchester United - in the last 16, the evenness reflected across all the European giants should mean England has a greater chance.
Except there are some significant caveats to that theory - and not least that three of those teams finished as runners-up in their group. It now all depends on Tuesday's draw.
"That three of the English sides came second in the group will probably hurt their chances," said Omar Chaudhuri, head of football intelligence at 21st Club, a football consultancy working with many leading clubs. "The odds of an English winner will swing quite a lot on the draw, too - last year, Spurs and Chelsea got very tough ties, while Liverpool [who drew Porto] and City [Basel] got straightforward routes."
That was until they met in the last eight, with Liverpool going on to the final, losing to Real.