I am reasonably optimistic for us, and I would anticipate us being top 6, but I think the top 6 will be very close however it finishes.
The teams I would call out for automatic are Reading, Ipswich, Boro, WBA, Sheffield United. WBA I will ask questions about though, as I would expect them to lose a few players, and I suspect Mowbray to go. Rumour is Shearer is ready to walk out on Newcastle for WBA as Ashley is a muppett, and if that is true, I can't see WBA bouncing back. I think they will struggle to bounce straight back if Mowbray does go, as I don't see that many managers as good as him who would go to WBA.
Newcastle will need at least a season to sort out this mess. They need to cut a lot of players (assuming they will go) and with Ashley looking to sell, he won't invest in new players, and will instead horde as much of the profits as possible to minimise his loss on any sale. The result is they will be left with players who don't want to be there, disillusioned at life in the championship, who are happy to take the money and play shite (a bit like SHunt, but a whole team of them) or their second string, and quite probably the most unqualified manager in the championship, who has never played at that level, and won't know how to get his team to play effectively in the rough and tumble of this division.
I think Boro will be reasonably settled with their current squad, minus one or two players, and will be there or there abouts. As long as Blackwell doesnt walk, Sheffield United will be a strong side again this year. The one to watch is Ipswich. Keane has proven what he can do in this division, and Ipswich have the money and the frame of a threatening side, so this year could be the year they push back up.
The dark horses will be Forest. They survived last season, have a very good manager at this level, and are sounding out a lot of talented players at this level. Dependant upon how much money Davies gets, they could be the surprise.
I would suggest QPR as a threat, but as they can't keep a manager for more than a couple of months, I don't see them stepping up. Magilton will get the summer to build a team, and when he loses the first match of the season, he will be shown the door.