Lets be honest here mate, the CL these days is still prestigious but this is mainly because of the TV hype and money involved in the competition but it is a poor shadow of the competition as it was 20 years ago when only the Champions of each country were allowed in.
These days the group stage should be a piece of piss to get out of and then its 4 rounds of knockout which any team can win, 6 good performances and you find yourself in the final.
To me winning the league is harder, its over 38 games. You have to be more consistent. Benitez to me doesn't have the managerial nous to rotate his squad correctly. He has wasted millions on dross like Pennant, Gonzalez, Kewell, Crouch, Arbeloa etc and he persists with over the hill players like Hyypia. To me you still don't look like serious title challengers and thats with a transfer net outlay of over £20 million this summer. Thats down to Benitez cos he is constantly chopping and changing and as Vann said has bought something like over 40 players in 3 seasons!! Way too much!!
Just my opinion at the end of the day...