I think they'll get at least the play offs.
The likes of Maik Taylor, Stephen Kelly, Liam Ridgewell, Sebastian Larsson, Garry O'Connor, Cameron Jerome, Gary McSheffrey, James McFadden and Lee Carsley, can't quite cut it in the Premiership, but more than good enough for the Championship. They've managed to keep most of their side together, so i reckon they'll do well.
They've also got that Sone Aluko, supposed to be good, England U21.