Yes, it would be disappointing for them, but arguably just because of how many points they have doesn't mean they deserve to 'win' something. Over the years you could've pulled out a number of teams that played consistently well throughout the year and was just pipped at the end, Newcastle being one of them (good old Kevin Keegan). Thats the great thing about football, nothing is ever guaranteed and you still have to deliver on that final day and moment.
Respect to them regardless.
I'm sure most will be issuing a sigh of relief if they don't win anything...they don't want to listen to scouse fans for the next 20 years again.