The optimist in me thinks that we are trying to build a large squad and then hopefully we'll have one pretty decent transfer who will make the difference.
The Championship is a funny league, and recently a team which has only escaped relegation in the last couple of weeks, has gone up, or got very close to it for the last 4 seasons at least.
Much as I'd like to go straight up next season, a year of consolidation may not be a bad thing long term