Originally Posted by somnambulant
no, not chainline.. that looks pretty good. It's more like the chain isn't sitting on the ring tight anymore. On the top of the chainring it sits pretty snug, but as the chain wraps around towards the bottom it winds up with a little gap since I think the space between the links is larger than the space between the teeth. Make sense? And yeah, I should just measure it.

perfect sense and yeah that sounds like a stretched chain; best to change it soon else you can wear out the chainring teeth into a "wave" shape.