If this was the case, it makes an even bigger mockery out of the champions league.
I understand that there must be a few extra teams in the competition, other than the winner, but for it to include some one form the top 7 removes the prestige of getting into the comp, when you know any tom, dick or harry could get into it by having a good run to the end of the season.
It also makes the UEFA cup look even more like a runners up comp, as if the don't get into the CL, they have to make do with the that.
I think if you get knocked out of the CL, its tough sh*t, and your out, not get a pass into the UEFA, as this makes it look like a joke competition.