Sacking a manager after winning the FA Cup was unheard of up until recently. In the last few years Ancelotti, Van Gaal, and potentially Conte, were out on their ear hours after winning it. There were suggestions that winning it in 2012 wouldn’t have saved Kenny either. That shows you what the big wigs at the bigger clubs think of it. It’s a good thing to win if it’s in addition to something else, be that another trophy or Champions League qualification. On it’s own it’s not enough, certainly not for the top 6 or so.
Yet the fact that they have a near monopoly on it, Wigan and Portsmouth excepted, shows that the lower clubs aren’t exactly going for it/can’t compete with the larger clubs squad depths. You’d think the mid table premier league clubs would be throwing their all at it, yet they don’t seem to be making much of an impact.
I think as a fan it’s great if you win it but you aren’t going to be losing much sleep if you don’t.