I recall Holtby being totally out of form going into the playoffs, and the team stumbling a bit at the end of the regular season. Through his last 12 games BH was above .900 only 4 times. That's why Gruby got the nod to start the playoffs.
They lost 2 of the last 5 games which may not seem like much but their hot streak was only 8 or 9 games in the 2 1/2 weeks preceding. Prior to that, from mid-January to mid-March, they were a .500 team at best and the coach was on thin ice.
So reverting to that .500 or so form was worrying. Then they lost the first 2 to Cbus which made the hot streak seem like even more of a blip to many.
Personally, I thought that was their year so it didn't bother me all that much, but they certainly weren't big time favorites. Having BOS, TOR, and TB fight it out before we had to face any of them was a HUGE bonus.
I'm not sure how the seedings will shake out this year but another favorable draw and some early upsets in other matchups could make another deep run possible, though not at all expected.
That's why they play the games.