My mind goes to a poster on Fox Mulder's office on the X-Files that had a UFO on it and said "I Want To Believe". That's about how I feel at this moment, I want to think this is still a competitive and skilled team, and they will make the playoffs again this season and make some kind of run toward the finals. The fan in me, the optimist and support I have for this team, i'll always consider them top level and competitive.
Realistically right now it's not fair to judge the current state of this team when so many players are void from it. This is not the team that has been built, this is a low point with entirely too many key players not in the lineup. We have kids that have barely played any NHL games and 3rd-4th line players thrown into 1st and 2nd line responsibility. There's not much chemistry yet as they haven't had time to play with all of these new players.
Can we turn things around? Of course when we have more players back in the lineup and our starting goaltender back. Will we do it this month? Not likely, and having expectations of this being a winning team right now is a bit nuts.
So as we sit, we are going to struggle, and we'll continue to struggle. Come January we'll be back in a bit of an uphill battle until we can finally get healthy again (hopefully) and start to win games again. This being a healthy team is a skilled and potentially competitive team, but don't judge the state of the Wings as they currently sit.