Squad wise we're light years behind.
Milwall and Fulham have beaten us this year, but they aren't better than us, there's a difference between able to win a game and being able to consistently get results against everybody. Chelsea could put out a second eleven that would arguably finish above our first eleven, and could put about 4 teams that would compete in the PL. A couple of injuries and we have a mixture of half decent kids and over the hill veterans out there. Finishing in the top 6 isn't impossible by any means, but it really, really, isn't something any neutral fan would be expecting when looking at our current squad.