Had O'Driscoll been appointed the new manager of Premier League Burnley in midweek, he would have been pitting his wits against Manchester's United's Sir Alex Ferguson at Old Trafford.
O'Driscoll said: "You'd be a fool if you didn't think that would be an exciting challenge.
"But that's almost like deriding the fact that we are playing Watford, who are an established Championship side.
"We are just excited about being in the Championship. We went to Coventry, which is a fantastic ground (In our last league match] and we are playing Watford, who have been in the Premiership. Football at this level is really exciting.
"But obviously if you are a football supporter you'd like to support your team playing Manchester United. We are only human and, of course, it excites everybody.
"It obviously has its pitfalls, because football is like that, but I think that the pluses far outweigh the minuses."
O'Driscoll said he had no hard feelings about losing out to former Owls boss Brian Laws.
He said: "I wish Brian, who I know really well, all the best and I hope he does really well,"
"It is a difficult job being a football manager and you never wish ill on anybody.
"I tried to make sure that everyone was informed and tried to do the right thing. I am probably a bit disappointed in the way it all ended but I don't think that I can reproach myself for the way I tried to handle it.
"Certain decisions are taken out of your hands and I think I've earned the right, and am old enough and experienced in football, to make my own decisions.
"You try and do the right things and maybe I am a bit naive. I know this industry doesn't work like that.
"But it doesn't mean that you can't conduct yourself in the right manner and I thought I did. But ultimately it wasn't up to me. It never got to the situation where a job was offered, despite what the media said, because from the very start it was a matter of sorting out the compensation.
"There was no point in taking it any further if the two clubs couldn't agree compensation. That was the situation. "One of my options was to walk, but I made it very clear from day one that that was one of the things I wasn't prepared to do.
"I wasn't prepared to do what a lot of people would have done - and you can call that naivety or call it stupid."
"You tell the players to do the right things and I would be a hypocrite if the first chance I had to show what was the right thing to do, I did something which was probably selfish.
"Like I say to the players, you have got to try and take the positives out of everything and we'll try and take the positives out of this and move it forward.
O'Driscoll said: "You'd be a fool if you didn't think that would be an exciting challenge.
"But that's almost like deriding the fact that we are playing Watford, who are an established Championship side.
"We are just excited about being in the Championship. We went to Coventry, which is a fantastic ground (In our last league match] and we are playing Watford, who have been in the Premiership. Football at this level is really exciting.
"But obviously if you are a football supporter you'd like to support your team playing Manchester United. We are only human and, of course, it excites everybody.
"It obviously has its pitfalls, because football is like that, but I think that the pluses far outweigh the minuses."
O'Driscoll said he had no hard feelings about losing out to former Owls boss Brian Laws.
He said: "I wish Brian, who I know really well, all the best and I hope he does really well,"
"It is a difficult job being a football manager and you never wish ill on anybody.
"I tried to make sure that everyone was informed and tried to do the right thing. I am probably a bit disappointed in the way it all ended but I don't think that I can reproach myself for the way I tried to handle it.
"Certain decisions are taken out of your hands and I think I've earned the right, and am old enough and experienced in football, to make my own decisions.
"You try and do the right things and maybe I am a bit naive. I know this industry doesn't work like that.
"But it doesn't mean that you can't conduct yourself in the right manner and I thought I did. But ultimately it wasn't up to me. It never got to the situation where a job was offered, despite what the media said, because from the very start it was a matter of sorting out the compensation.
"There was no point in taking it any further if the two clubs couldn't agree compensation. That was the situation. "One of my options was to walk, but I made it very clear from day one that that was one of the things I wasn't prepared to do.
"I wasn't prepared to do what a lot of people would have done - and you can call that naivety or call it stupid."
"You tell the players to do the right things and I would be a hypocrite if the first chance I had to show what was the right thing to do, I did something which was probably selfish.
"Like I say to the players, you have got to try and take the positives out of everything and we'll try and take the positives out of this and move it forward.