It's funny, or maybe not so, that in 2012 the Chiefs played all the rugby, looked like champions early, ended up champions late and here we are in 2013 with the Crusaders rated a better bet to win the title despite the fact they have been patchy since 2009.
That's the power of a dynasty and a gauge for the Chiefs at just how much work they have to do to build one. It's a phenomenally tough business building a reputation for consistent excellence and there aren't any short-cuts.
The Crusaders, despite their recent relative under-performance are still the only side in the competition that is automatically granted favourite or near favourite status. Winning seven titles and making the final on three other occasions will do that.
The Chiefs made all the running last year, even comprehensively beat the Crusaders in the semi-final, but yet it is clear the wider market doesn't feel the same level of confidence in the defending champions.
And why should they? The Reds showed in 2010 that it is possible to win a title one year and then pretty much disappear the next. The Blues did it in 2003 - rose from nowhere only to collapse just as quickly.