Totally agree, BOF.
I have always thought that in order to break into the top 4 we'd need 2 things to go our way - one of the sky 4 to have a bad season ( according to their standards ), coinciding with Villa overachieving. Let's not kid ourselves - we haven't had a squad good enough for top 4, we've been in the battle because of the good foundations, strong spine and team spirit, not because we've had the class to even be in that fight. We just couldn't overachieve enough to crack the door open, but we were never deserving to be there, based on the quantifiable things - revenue, class, ability to attract players and sponsors, etc.
Last summer we lost our captian in Martin Laursen through injury, our previous captain, Barry and a very important defensive player - Bouma. Arguably 3 of the top 5 performers we had until that point. Few thought we'd be able to push on and become even better but we did. IMO this was an extremely overlooked achievement. We did it not because we had bought top class replacements, but through team spirit, blood and guts, not class.
Then Man City came and we know what happened. Obviously we can't compete with their spending power and IMO by losing O'Neill we've lost the man who built this squad and who was able to consistently get the best results out of the quality we had. Thus losing the one thing that we've had over our rivals - commitment and team spirit. I understand the man has a lot of flaws, but no one could blame the team for not giving all they had week in week out. Now, the replacement manager will be up for a difficult job to match and exceed Martin's achievements. Not because they wouldn't be good enough ( don't want to get into a fight over who the better manager is ), but because they would need the time to rebuild the squad according to their vision and we don't seem to have the needed funds to do that.