It's a bit like where the end result of a game dictates how people remember / consider it (good, bad, shit, amazing etc).
This season could either be our best in 40 odd years (win Europa, finish top 5), or it could still be one of the most depressing ever - and I know people will point to the relegation years (circling and then being flushed) and say I'm being silly - but if we finish 6th and don't win the Europa, the disappointment will be enormous.
In terms of the squad rebuild, without CL it will be nigh on impossible to replace those leaving with as good as / better options. The next 2 or (hopefully not) 3 games are probably era defining. Better than being 10th with nothing to play for though eh!!!!