I think that it is far from being 'dire' (in which case I would have stopped watching), it remains one of the most watchable programmes on at the moment.
However I don't think that this will be seen as a 'vintage' year, for a few reasons:
There have been fewer complete disasters; generally both teams seem to have done reasonably well at most tasks, with one team just doing a bit better than the other. This means it is hard to identify a clear reason for 'failure'.
There have been some clear injustices (e.g. the disregarding of costs of free gym eqpt, and two companies with different budgets). Maybe similar things happened in previous series, but not to this extent.
I also get annoyed when we are not told important aspects of the task (e.g. one team getting kitchen gadgets meant the other team couldn't).
The edit this year seems to have been trying to mis-direct us as to the eventual task winner even more than the past, which is just annoying.
LAS has made some ludicrously odd firings this year. I don't mind him reaching a different decision to me, but in the past I have been able to understand his reasoning. This year I haven't always been able to, which just lights the fuels of the conspiracy theorists. Personally, I don't think that there is a pre-determined winner, I think that he just wants to be contrary partly to generate publicity and partly so he can claim to see what us lesser mortals cannot.
For me, the above do not add up to meaning 'dire'.