Its fine that we are (at least for the moment) 2nd in the conference. But its obvious that the team has similar issues compared to last year. Its hard to feel confident about a deep playoff run as currently constructed. I wouldn't particularly like our chances against, say BOS (the best team in the East for my money right now), PHI (I want to play them because its so much fun, but based on last year and the last time we played, could be ugly), or MTL (would be a flashback to 2010 with Therrien behind the bench instead of Martin, clogging shooting lanes and scoring timely goals that drive me insane). NJ also hasn't looked like someone we'd mop up by any stretch after that home and home, though they've been struggling themselves lately.
You can try to remedy that by (1) changing the players or (2) changing the coach or (3) both.
Can this team as constituted (w/a healthy Malkin) win the Cup? I doubt it. If Shero thinks we can, then I'd be surprised. But this deadline is huge for him, particularly if he sticks with Bylsma.