We, older, might be let down gently (7)
I believe the answer is:
lowered
'let down gently' is the definition.
(I've seen this before)
'we older might be' is the wordplay.
'might be' indicates anagramming the letters.
'we'+'older'='weolder'
'weolder' is an anagram of 'LOWERED'.
(Other definitions for lowered that I've seen before include "Moved something down" , "looked sullen" , "Moved downwards" , "Let down gently" , "Threatened" .)