Your argument makes the whole idea of competition outside the Prem meaningless. The be all and end all being in the Premiership!
I really wanted Saints to be champions. I think we have one less league titles( Just the one in 1960) than almost any of the other current 92 league clubs.
Surely the whole point of entering any competition is to win it, or it always used to be. I'm sure in the EPL Arsenal, Chelsea etc wont be comforting themselves with the worthlessness of winning the title, just becuase they all get a slot in the Champions league next season!