Blood Angels as a Competitive Force?

In anticipation of Codex: Space Marines dropping next month, I've had a bit of a renaissance with regard to my first 3+ army that I played- the Blood Angels.

Lets face it, the Blood Angels is a challenging army to play in sixth edition. Not an auto-loss by any means, but, the codex does seem wanting when compared to the likes of Space Wolves and Dark Angels. Definitely not the first, second, third, or even fourth choice to take to a tournament. The question is; can the codex provide a competitive list?