BBC stating Dyche sacked
If Dyche has been sacked/released from his contract (however you wish to word it) then I feel it could well be a blessing in disguise for him.
He's had nothing but praise from all that have worked with and under him during his very short stint as WFC manager.
By and large he's been successful in what he's achieved, ie replacing valuable 1st team players & youngsters with a number of experienced pro's while attaining a very respectful final league placing when relegation was more likely at the start of the season.
Should Dyche stay on and get sacked by Christmas it wouldn't enhance his reputation any.
Should he stay and lead WFC into the Premiership I feel he would be looking over his shoulder once more as the Pozzo's would more than likely look to a more experienced manager to coach better players in a better league.
If he goes now, however, Dyche has an untarnished reputation with which to take to any prospective new employers.
He has worked out well for Watford and Watford has worked out well for him.
Now, though, seems as good a time as any to move on due to circumstance rather than results.
Edit: Just a reminder to those who look for loyalty and the community club feel WFC has supposedly stood for for some years.. sorry but that's gone. It hasn't really been around for a while, not in it's original sense anyway, but now we have serious money behind the club then results will be the key factor. Expect chopping and changing on a turbulant ride but WFC is no longer 'little old Watford' so look forward to some cold, harsh, modern day football realities.