How bad was the defence in that era, Morgan, Gray, Wayne Brown etc. Davidson was declining like Hughes is now after being a good servant. Youl and SSL were still around but Mawene also getting on although he should've been retained for league one imo considering Clarke Carlisle was signed to replace him. Having Fergie Jr attempting to make that a coherent backline basically meant relegation as there were still decent players in attack like Parkin, Hume and Tracey.
Also I think this is when people actually realised what a huge loss on and off the field Paul McKenna was. Could be echos of Browne moving on and not being replaced properly.
There are many similarities with 10/11 for sure but I think the difference is PH is far more capable of pulling out a win when he really needs one and we've seen that a couple of times beating likes of Luton and Coventry which some higher placed teams haven't done so I don't think it's quite bottom three bad albeit there are significant issues.