So far it looks like 2011 and I think there are many potential winners and we might end up with an unpopular winner again.
I think until we have seen then semis, there won't be any clear favorite.
and
are the favorites of the bookies now but I don't think they will win.
Russia will get lots of points from the ex-USSR and probably other eastern countries, like Serbia, but I don't think it will get major support in the west. Last year's song was dated and cheesy too but that works much better with ballads than with pop songs. If you are willing to ignore the political implications of last year's song, what many people apparently did, last year's song has sufficient appeal for both the juries and many people in the audience.
This year's song is dated trashy pop and therefore I don't think that it could garner that much support. Such a winner would be a huge setback for Eurovision and bring the contest back to 2008. In recent years, the quality has improved and we have actually had songs that were commercially successful and that sounded like music from real life. A winner that sounds like a Eurovision song from the trashy 2000s would be the worst that could happen to the contest, which strives to be a legitimate music contest instead of the freak show of the 2000s. Russia hosting would also be a severe problem for the contest, of course. The voters and the juries might ignore the latter problem but I think at least the western juries won't support this song due to its low quality.
There is still a chance it might win, in case the western vote is split between various countries while the east is only focused on this song but I don't see that happen either. The ex-Yugoslav countries will rather support each other and there are other contenders in the ex-USSR, like Latvia.
I don't think that the Swedish song will be a total flop because some people like this kind of music but I don't think the juries will be all over it and it doesn't have outstanding staging either.
There are many potential winners I can see for now, like
.
Possibly even
or someone else.