Not necessarily.
If the Jays went out and added some value arms for the 7th/8th inning, the bullpen could be fine.
Go out and sign Luke Gregerson to pitch in the 8th and also another arm like Crain, Frasor, Hochevar, or Mike Adams. Also, bring in another cheap lefty like Scott Downs, Zach Duke or Tom Gorzelanny.
Chad Jenkins
Todd Redmond
Scott Downs/Tom Gorzelanny/Zach Duke
Jason Frasor/Jesse Crain/Mike Adams
Aaron Loup
Luke Gregerson
Brett Cecil
That's not a bad pen and it wouldn't cost much.