I genuinely think there is a good chance that Team Vitality will take everyone out and win the tournament.
Not just because I'm a SEN fan, but I feel like G2 might get their asses handed to them, because the roster is fire and they play really well, but there is a growing dependence on Trent and Leaf to have solo performances (in my opinion). They should take the Trace match really seriously, because this is a team that took on EDG and didn't crumble.
SEN have an outlandish chance of winning the tournament, but I'll keep hope.

Dark horse might be Trace or DRX depending on how they start the tournament (personally don't want DRX to win).

Likely Winners:

1. Team Vitality
2. EDG / DRX
3. Trace / G2
4. Sentinels

Likely Runner Ups:

1. EDG / G2
2. Vitality / DRX / SEN / Trace (either of these teams could make it to the final two)

I'm not putting T1 on this list because I haven't watched them enough and personally don't think they have any shot against the teams in this torunament.

TL is slightly inconsistent with their performances. If the last GF was proof, they're gonna need a headstart to keep winning maps and matches, but you never what Nats might cook up/

Bro. What. The. Actual. Hell.

yeah i remember that but if this is the way things are going he may want to leave mid season

Should FNS seriously consider retirement? two back to back maps with 4/17 and 5/17 even on Sentinel as an IGL is crazy

what are the odds that ANGEL plays duelist?

In all honesty, this team doesn't need a change at all. Just needs the kids to play proper Valorant. You can't be playing like its competitive when you're on the stage and hope it works.
I haven't followed all PRX games, but they rarely have set strats for anything and it doesn't even seem like they prepare for individual teams. At least the performance against fellow APAC teams should be much better, considering you play them at least six times in a season.
It may have something with forsaken having the pressure of being the flex player while also playing IGL in a "chaotic and high energy" team, but if that is their strategy all the time, they can't be expected to win.
OG PRX used to win because the IGL was quite literally a "veteran" leading the kids into battle and Benkai primarily played Sentinels. Forsaken usually playing an initiator crucial for entry or a smokes agent is a lot of pressure, when you factor in being IGL for an aggressive team. (In comparison, someone like ANGEL has a team that plays calm Valorant, although they were poor this season, he has more time to think in the moment even though he plays Omen)
If this team can find the right balance between aggression and "clean and ideal" Valorant, they could be one of the best.