Well, let's consider the fact that both C9 and TSM have won in international contest this year. If anything, that's more to how competitive that the NA LCS is if world class teams can get pushed down to 5th and 7th. FNC's undefeated season just shows how weak the EU scene actually is, and even though TSM finished 5th NA. They could go undefeated as well in EU.
Short Term Goals: Silver/Gold/Platinum || Long Term Goals: Diamond/Master/Challenger

cloud 9 might have been world class once upon of time. But for as much as I like them, I cannot call them world class based on this split, But I wouldn't be against calling them that right now, they are on their way back, they are running the gauntlet and doing well.
edit: queso braum is op. queso braum skin confirmed.
edit: queso braum is op. queso braum skin confirmed.

Signature is from Ninja_Trigger's champion mastery thread!
New and slightly improved version is still up to date >HERE!<
Considering that the 2-0'ed TSM in the Summer Split, they're very much on their way back to being a consistent World Class team again. Keep in mind that C9 lost their main shot caller.
Short Term Goals: Silver/Gold/Platinum || Long Term Goals: Diamond/Master/Challenger

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I don't exactly subscribe to the "na is gooder than eu" theories, I think they are pretty close because I don't watch the game carefully enough to actually analyze the players and the teams.