If the Penguins get Crosby and Malkin back healthy, I could definitely see them winning the Cup. I really liked their pickup of James Neal last season (and not just because he's a former Plymouth Whaler

). I'm surprised that Dallas let him go.
The Canucks and Luongo have to prove they can get it done in the playoffs. Right now they are just the next version of San Jose and Ottawa, IMO -- i.e. teams built for the regular season, but not the playoffs. Same with Washington.
I do not know what to make of Philly. They solved their goaltending issue, but let their two best front liners go and added Jagr.