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FC Bayern
Bayern is going into a new era with Klinsmann taking over from Hitzfeld. Klinsmann changed many things, the training facilities were completely overhauled with chill-out-area, Budda statues and so on

, he has the biggest coaching staff, introducing special coaches for almost everything but what did not change (apart from Olli Kahn of course..) was the Bayern squad. Borowski and 2nd goalie Butt are the only new signings so far.
Klinsmann proved with the german NT that he is a good coach, but there is no proof yet if he can prevail as a league coach where he has his players around him every day and not only every 1 or 2 months.
Bayern for sure still has the strongest team but losing Kahn will not make things easier for Bayern. New number 1 goalie Rensing is not as good as Kahn imho, just an average keeper ( by Bundesliga standards...) and i wouldn't wonder if Bayern are in market for a top goalie in the winter. Nevertheless the squad is still good enough for the Bundesliga title but the Bayern officials were setting their sights at the CL. They didn't say that it's the target to win a CL trophy yet but Rummenigge and Hoeness often could be heard that they expecting Bayern to shine in the CL again.
Well, maybe in the group stages but to shine in the later CL stages, the squad needs 1-2 really good players imho. Bayern is esp. depending on Ribery, they should add a 2nd creative player.
player to watch out for
Podolski and Schweinsteiger : will they be able to convert the good performances they had for our NT to Bayern ?
season prediction
Depending on Klinsmann being able to successfully make the transition from a NT coach to a league coach, Bayern is still the top favorite for the Bundesliga title. But the title won't come as easy as last year.
Bundesliga : Champions
CL : quarter finals (with a lucky draw, the semis may be possible)
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Werder Bremen
Bremen lost a couple of experienced players which were not replaced yet. Tim Borowski went to Bayern, Ivan Klasnic went to Nantes, both on a Bosman free transfer. Those 2 will be missed for sure, not only that they were good players but they were also at the top of the team hierarchy. A player who will not be missed is left back Pierre Womé ( bosman free to Cologne). In central defender Prödl and midfielder Husejinovic they only signed 2 young talents up till now. But never count out Klaus Allofs, i'm pretty sure that the best Bundesliga manager will turn up with 1 or 2 big transfers as he always did in the past, main target is a top striker.
But at the moment, the Bremen squad is definitely not improved to last years team. In addition to that, both Diego and Mertesacker will miss the start of the season due to Olympics (Diego) and a knee injury(Mertesacker).
players to watch out for
Aron Hunt - can the talented attacker finally develop into a top Bundesliga player?
Diego - will his relationship with the team and the Werder fans be harmed by his unpermitted participation of the Olympics ?
season prediction
Bundesliga : Pos. 2-5
CL : 3rd after group stage
It's hard to give a prediction on Werder since they didn't transfer a top player yet. Their squad is still good, but without further improvement and after losing Borowski and Klasnic, i would say that they need a lot of luck to become 3rd. But as mentioned before, i'm expecting Allofs to do something big again on the transfer market, thus pos. 2 may be likely again. The start into the season will be hard without Diego and Mertesacker. And after the olympic tournament ( when the CL starts..) Diego may be exhausted and Mertesacker may still be missing - therefore i don't expect Werder to shine in the CL, but they will be good in the 2nd half of the season again.