Didn't get the job

After nearly two weeks of waiting, I got the call from the recruitment agent telling me that I did not get the job. The agent said that the company that had interviewed me were very complementary, but felt that I would not be happy doing a job that was well below what they thought that I was capable of. Still at least it wasn't an immeadiate no, so I guess that I must have said all the right things in the interview, and maybe they were worried that I would only use the job as a stop-gap before finding something else more in line with my current job.

What is really pissing me off though is that I now have to decide between redundancy and hope that I can get a job, or taking the relocation package that I've been offered to move to my company's other office.