The CL these days is a joke. It's a closed shop, with the rare exception, where it's either Spanish or English teams in the latter stages with the odd Italian and German team thrown in. Personally, I wouldn't have a problem if they went right back to only the league winners qualifying, that would make it much more interesting. Never happen though, far too much money in it now for Uefa and the clubs.
FA Cup losers - I just think it makes a bit of a mockery of qualification when you qualify by losing. I take the point of the smaller teams taking the competition more seriously, but for me they should try and get the bigger teams interested again. One way of doing that would be to reward the cup winners with a CL spot.