With today's North  American launch to the 2007-8 NHL season, it's high time to chip in with the  obligatory predictions.  So here we go...
Eastern Conference  Standings
1. Ottawa Senators  (NE champ)
2. Florida Panthers  (SE champ)
3. Pittsburgh  Penguins (ATL champ)
4. New York  Rangers
5. Atlanta  Thrashers
6. Buffalo  Sabres
7. Toronto  Maple Leafs
8. New York  Islanders
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9. New Jersey  Devils
10. Washington  Capitals
11. Montreal  Canadiens
12. Carolina  Hurricanes
13. Philadelphia  Flyers
14. Tampa Bay  Lightning
15. Boston  Bruins
Western Conference  Standings
1.  Detroit Red  Wings (CEN champ & President's Trophy)
2.  Anaheim  Ducks (PAC champ)
3.  Calgary  Flames (NW champ)
4.  San Jose  Sharks
5.  Minnesota  Wild
6.  Dallas  Stars
8.  Vancouver  Canucks
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9.  Colorado  Avalanche
10.  Columbus  Blue Jackets
11.  Los  Angeles Kings
12.  St. Louis  Blues
13.  Edmonton  Oilers
14.  Chicago  Blackhawks
15.  Phoenix  Coyotes
The basic idea here  was to take a rough cut and predicting Goals For and Against for each team,  running that through PythagenPuck  to get an approximation of points in the standings, and that plugging in  additional points for Shootout Victories and overtime losses (sometimes you lose  4-3 in regulation and get no points, sometimes you lose 4-3 in OT and get  one).  In the end, it's a combination of seat-of-the-pants guesswork and  formulaic balancing, so it's got a whiff of scientific application along with  standard barstool bluster.
I guess what  surprised me a little bit was seeing Calgary and Florida come out so highly, but  the common denominator there is solid goaltending and at least a decent  offensive punch.  Some of the other teams with confidence in net are  crippled with more anemic attacks (like Dallas, Vancouver, Minnesota and  New Jersey).  
In the Western  Conference, it was interesting to see the results of this analysis match up with  hunches  that I posted a few weeks ago in response to Mirtle's playoff prediction  poll.  I thought at the time that Colorado would miss out, and that line of  reasoning still holds true.  I think adding Ryan Smyth only augments an  area of the team that was already strong, while the addition of Scott Hannan  isn't that much of an upgrade to a defense that lost it's leading  +/- player in Ken Klee.