I think the quality is there to compete for a cup as well as CL football, the problem is that we can't seem to cope when the fixtures pile up and we get a "season defining" week. When have we ever come out of one those in good shape? The Sunderland defeat following Milan was the most predictable result going.
It's not right to say the pressure was off. 0-2 down to Spurs the pressure was most certainly ON.
We've done remarkably well to put this run together, but I guess the frustration stems from what was mentioned earlier in the thread about Cups being for the fans, for me there isn't another buzz like it and it's disappointing that despite consistently being able to achieve our goal of top 4, we haven't managed to deliver a cup or 2 along with it.
It's not a question of one or the other, we absolutley should be able to do both. Just as Liverpool should be able to compete for the top 4 as well as the cups. It's not like City and United have monopolised these competitions as well, plenty of teams on our level and sometimes below us reach the latter stages.