They are having a very very good season but dont forget they didnt spend 60m quid.
We also sold players for about 60m quid. They replaced a overhyped kid (Rodwell) and an over-the-hill veteran (Cahill) with Mirallas and Pienaar. So they are actuall keeping the core of last season reviving team and added to it.
In fact I still think at this stage, Moyes is a better manager to AVB. Seasoned, battle-tested and respected by players. If it's still the old Div One days (when club built team and not bought team), Moyes and Everton would have probably done enough to win, may be a major cup or even a leauge title.