I agree, I mean last year with one of the tightest leagues seen, livi ended up i think 7 or 8 points clear of the bottom. A 10 point deduction this year, would make it far too easy for them to compete to stay in the division. Granted they've lost the likes of Griffiths, but perhaps a 15 point deduction would be a suitable punishment, from which there is still a slight glimmer of hope they could survive, but most likely will not.
At least it means on some level they've got something to play for. I mean we could all be playing a completely unmotivated team for months should they could be relegated by Christmas thanks to too heavy a points deduction.