Couldn't care less about it. Wenger once said that finishing fourth is more important than winning it and he's right. When even Championship and League One clubs are now playing weakened teams in a 3/4 empty stadium, something is badly wrong. There's barely any prize money and changing the sponsor name every few years doesn't help. In my lifetime i've seen it being referred to as the Coca Cola Cup, Worthington Cup, Carling Cup, Capital One Cup... hardly sounds prestigious does it?
As far as i'm concerned it's the Football League Cup, so it should be for Football League teams. Maybe add a rule that Premier League teams should have to play their reserve teams, because the u21 league really doesn't do much for their development.