Actually that's not true, the English FA have said pretty explicitly in a couple of letters (and I've emailed the FA too and got the same response) that they would not nominate a Welsh club for Europe.
As for the new format for the CL, I absolutely loathe it. My main complaint is that UEFA have managed to create another barrier between the haves and the have-nots, we've now got a ridiculous pre-qualifying round that consists of the bottom six nations in Europe. (which could quite feasibly contain Wales and Northern Ireland in future, as we are the two nations immediately above the bottom six) Why in God's name we have to put FOUR qualifying rounds between the top ranked sides and the bottom ranked sides I don't know. Put simply, it's totally robbing the bottom countries of any chance to make any long-term progress in Europe and smacks of a conservative, rich-and-poor attitude.
Bástards.
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