To some everything up I guess most of us are thinking like this:
1. Yes it's all nice and wonderful that Arsenal aren't the only side to muck up, now other team's can't slate us as bad as before because it's not like their club did any better etc.
2. But on the other hand, like said above it frees up their fixture list which would make top 4 all the more difficult to attain easily. Not only that but it makes English football look bad on the biggest club stages of them all.
Football's cray yo.