I would say 100% definitely.
Modern facilities (which just got even more modern), promotion of using British players in the first team regularly, big name players who have come through each season (some who have gone onto to play regularly at CL/international levels) development centres in parts of the south (see MLG thread) and a huge scouting team working all over the world also looking at young players.
Something to be tremendously proud of and a resource which we will continue to flourish from.
Its just a shame that the PL is so money ridden because the chances of a Dortmund or Atheletico are minimal.