The same guy who said he didn't care about Domestic cups?
He wanted the Premier league and the champions league. Maybe next time he'd feel differently (and more realistically) to focus on an FA cup.
But yeah, I think in hindsight he made a mistake by saying he didn't see much value in domestic cups. I think it's clear now that the pipe dream of a Premier league of European Cup is highly unlikely under Levy unless his transfer policy changes.