It's a nice race to watch, and the winner is a solid 4 x 800 team, although the time isn't anything earthshaking. The fist runner may have been close to the back, but he wasn't down much in terms of time - 2:06 is a pretty respectable split for the slowest guy on a relay team.
What I think happened here is that the other teams knew that this was a strong team with a stud runner (1:53 split) and they assumed, correctly, that he would run the anchor leg. In that case, the best strategy for most or all of the other teams was the one they chose: stack their fast guys in the opening legs and build up a big lead, and hope that one of the top team's runners would try to make up the ground too quickly and blow up. It's a pretty decent strategy for knocking off a faster team, and it could have worked. Pacing correctly is hard, and it's quite a bit harder in a relay.
So the coach and the runners of the winning team deserve a lot of credit for running smart, disciplined relay legs. The #2 leg made up most of the places (handing off in #4, I think), even with a pretty static hand-off. The #3 leg mostly held position until moving up a leg in the final 100m. And then the #4 leg kept his head and blew by what may not have been the fastest runners on the other teams.
So the time was decent, but what made this race interesting was the smart strategy choices of the other teams and the correct execution of the proper strategic response by the top team.