I think it's extremely premature to talk about contending. Not only are we missing the 2 legit superstars you need to win the Cup (Leetch and Messier, Crosby and Malkin, Kopital and Doughty, Kane and Toews, Chara and Thomas, Brodeur and Stevens), and we don't even have that top-shelf second tier (Zubov, Graves, Kovalev, Larmer). Maybe Kreider-Zib-Butcher fit that second tier, but we don't have that on defense, we are merely hoping Skjei and others get there. We have a bunch of guys who will turn into Nemchinov, Matteau, Tikkanen, Karpovtsev. We are hoping Lias turns into Larmer and Chytil into Kovalev (at least how he was in the Spring of 1994, not when he was enigmatic).
Who is our Messier? Who is our Leetch? Zubov? Graves? To discuss Cup contention right now is like saying, "well, I already have sperm in my balls, so pretty much the same as having a child, time to go picking college for him."
Right now our development is in the sperm stage. Congratulations, we are fertile. Now let's see if it actually goes anywhere.