I see it differently. Over recent years, most relegated teams have been at the top end by season finish. Some get promoted back, others don't. I don't think we'd become mid table as we do have some good players. However, even if we did make it back, what is the point? Look at the bottom three currently. After having enjoyable times last season, one of them gets hammered 8-0 at home. The others also know they are cannon fodder.
That's basically what we are becoming through crap management over the last two to three years. A slow steady decline.
I totally understand the arguments about playing in the top league but I want to watch a team that competes. This team has done it for 180 minutes this season. 90 mins of those were against Everton who are equally as shit.