Strongly disagree.
We haven't even made the playoffs yet and Dorion has already traded away almost as many quality picks as he got in return for trading away more talent than any other GM in recent history. It's unheard of for a team to do that having not yet established itself as a contender.
Yeah we have Chychrun and DeBrincat (at least for now) but Dorion traded Karlsson, Stone, Duchene, Hoffman, Pageau and Dzingel at the top of their games. That's an entire top 6 of guys traded in their mid-late 20s and one of the best D in the league. Not exactly the same kind of talent in vs. out. Crazy that we only have an extra 1st and a couple extra 2nds left after trading that much talent away.
I've said this many times but trading two 1sts and two 2nds for DeBrincat and Chychrun would have been fine (or at least not hurt as much) had Dorion not completely failed to weaponize his cap space during the rebuild to add picks like Arizona, but the pipeline is already pretty dry and it's looking like we're not going to have a steady inflow of cheap talent on ELCs that are typically needed to keep teams contending for long periods of time.
Out: Karlsson, Stone, Duchene, Pageau, Hoffman, Dzingel
In: Stützle, Norris, Greig, Kleven, Brannstrom
I don't think it's as far off as you think, in terms of talent in and out. No, not every trade worked out and not every piece hit, but to end up with those young players is pretty good. Most teams that sell off mid-20s stars looking for paydays don't do nearly as well.
I agree that failing to weaponize cap space to acquire mid-round picks + utilizing mid-round picks to get out of mistakes can be criticized, but in terms of the top-end young talent we've acquired during the rebuild, we're in fantastic shape.
And in terms of cheap young talent to fill out the roster, we have plenty on the horizon: Greig, Kleven, Ostapchuk, Boucher, etc, are all safe bets to be 3rd line, 3rd pairing players (aka. we'll get our own Ross Coltons and Blake Colemans).
We don't have any more elite young talent coming - that you're right about.