I am taking a very long term wait and see approach to Dundon as owner. Its way, way too early to start making any kind of grand proclamation about his standing in the hockey pantheon. Have to let him actually be able to make a few of his moves and get his arena improvements in action before we can see how it goes. As for the team, it really can't get any worse than the debacle we've had with Karmanos, Rutherford, and Francis the last 10 years. We are the cautionary tale when people say "be careful what you wish for" in this league, there aren't many directions we can go that aren't up right now.
And really, I don't care if he's a hands on owner. I don't care if he's a Jerry Jones or Mark Cuban type who wants to be front and center at all times. Those guys take accountability for the team and at the very least, they legitimately try to win. That's not something we've had here, arguably ever. Even if it doesn't net us a Cup, that kind of attitude should at least have us competing, because the owner will make it his personal goal to make wins happen. At the very least, the team will be more fun down the line than it is now, that's for sure.
A lot of the hand wringing I'm seeing about Dundon right now reminds me of the people who said Doug Pederson was a terrible NFL head coach last summer (some said he was the hands-down worst coach in recent NFL history). 6 months later, he was holding the Lombardi after outcoaching Bill Belichick in the Super Bowl. Just because someone isn't following the industry norm doesn't mean they're destined to fail.