My attitude is that I don't see us getting back to the Premier League under this ownership - that might be harsh given that we have done it twice before under Tan and I suppose if we were to get a strong Warnock type figure again who would win his share of battles with the Board then it may happen, but I think we're less likely to see another manager like that any time soon.
I admit I've become very negative over Bulut since the turn of the year (since he had his strop after the Plymouth defeat really), but where you say he "turned defensive", I think he has always been, very, defensive. We brought in a striker, an attacking midfielder and a more attack minded left back in January and I've not seen any change in approach from City apart from about twenty five minutes against Ipswich - it was such a disappointment to see the attitude in the derby game which followed, the players were probably more to blame in this case because some of them looked intimidated by the occasion, but it was the same old, same old boring tactics from Bulut as well.