This is in no specific order:
Magic - Eddie and McKie is hellacious defensively on the wings, Penny is a perennial MVP candidate at PG, Shaq is the best big in the game when healthy (probably the best player still too), good role players…. Haven’t been able to punch through yet but the Bullets lost DRob so you’ve got to like Orlando this year
Bucks - Tremendous sim 1, Dirk has finally arrived. GP is declining but still very formidable, TD is growing and looks to be all-league caliber now. Very strong top 3, but the rest of the team is pretty… I don’t want to say bad but not great / intimidating ? We’ll see if they have a move or two to shore things up and make them extremely scary
Wolves - Been to 3 straight finals, don’t see that changing this year either. Wolves should roll out of bed and still make the finals with how embarrassing the West is. Literally zero threat aside from them. They’re good themselves though, KG is pretty nice, Ostertag is solid, Ellis, Spreewell and Nash are all consistent contributors as well. Don’t know if they have the depth or role players to make as much noise as before but they’ll be at the finish line.
Pistons - Good anchor big, couple solid role playing bigs around him to shore up the frontcourt, which is something most of the other East teams don’t have so that gives them an edge over ATL, Miami, Cleveland etc. 2 Huge volume scorers in Rider and Stackhouse, and the most randomly good PG of all time in Roderick Blakney. GM needs to make a move or two to really legitimize his team but he’s pretty gunshy, but they’re 1-2 big boy moves away from really being nice nice.
Hawks - Rashard Lewis is taking a leap and finding his way as a consistent volume scorer, Rip is a great 3rd option, Iverson is still one of the probably eh backend top 5-6 PGs in the league, that trio is good enough to get hot at the right time and go on a playoff run. Hawks / Bullets / Cavs / Heat are all kind of in the same boat right now. They all need a move or two to really legitimize their title chances and none of them really have a good big to anchor things, built around a couple really good scorers but lack front court presence and everyone is kind of hung up on value over fit and the entire league is in a grid lock trading wise partially because of it. I don’t like the Hawks frontcourt but I think it’s better than Bullets, Heat and Cleveland so I give them the edge over those teams but it’s close.