Cleveland will be a force in the playoffs, with LeBron, Gooden and Ilgauskas playing well, but their inexperience will be their downfall, maybe next year.
Miami are easily the best in the East, with Wade being one of the NBA's top 5 point guards (Kidd, Bibby, Parker, Nash) and Shaq, being really the only decent East big guy who can score and defend.
The West is not so easy to pick. San Antonio are obviously the favourites due to the consistency and efficiency of Tim Duncan on both ends of the floor. Tony Parker, as mentioned above, is one of the top point guards, running the pick and roll with Duncan to perfection, being able ot beat any man off the ball and being an outside threat. Ginobili is having a career year and is a great one on one defender and along with Bruce Bowen can neutralise any backcourt offense. Robert Horry, Brent Barry and Malik Rose are strong off the bench while Nesterovic compliments Duncan's game nicely with a strong prescence on the boards and in shot blocking.
Phoenix of course are playing incredibly well with Nash, in my opinion, being the frontrunner for MVP. Amare Stoudemire is playing amazingly, averaging 26.1 ppg and 8.60 rpg, and its only his 3rd season. Shawn Marion, Quentin Richardson and Joe Johnson are playing awesome, all with career numbers. The only thing lacking is their bench. Jim Jackson is, while a decent scorer, very inconsistent and in his 13th season. Bo Outlaw is the same (12th season). They dont really have an proven talent off the bench, with Leandro Barbosa and Steven Hunter being young and not yet having proven themselves.
Minnesota, well, their on a slide, sitting outside of playoff contention, expect a shift after the all-star break, pushing them into the top 8, maybe even as high as 6th and with Cassell, Sprewell and of course Garnett, anything is possible come playoff time.
Sacramento have had trouble in the playoffs, namely with the L.A. Lakers, but with them potentially out of the playoff picture, thats one less obstacle for them to overcome. Webber is usually consistent, Bibby of course brilliant running the floor and with Stoja shooting the ball, they have their offense covered (dont forget the addition of Cuttino Mobley in the Mobley-Christie trade, giving them some more offense).
Seattle, in my mind, are on a streak and wont carry the momentum over the allstar break. They remind me of Boston in the Pierce-Walker days, live or die by the three, so far they've been winning, but very soon their going to drop off and they'll probably lose home-court advantage, dropping to 5th or 6th, or maybe even to 8th by the end of the season.
In Houston, McGrady has yet to learn how to utilise the enormous talent of Yao, and until he does, they aren't going anywhere.
Dallas are in with a chance this year, namely with the addition of Jerry Stackhouse who provides much needed energy off the bench. Nowitzki is playing brilliantly, being a guaranteed 25+ ppg, along with his play on defense. He's the kind of player who drives opponent coaches crazy in the their is no way to mark him, he's to fast for a big guy and to big for a small guy. Finley has always been consistent. Jason Terry is a perfect addition to the team, knowing how to run the offense, is an offensive threat and compliments the Mavericks run and gun style of play. Devin Harris, Marquis Daniels and Josh Howard are very talented young players who can only get better. Erick Dampier gives them some much needed toughness on both ends of the floor and the recruitment of Pavel Podkolzin (a 7'5 Russian) gives them a good future at the centre position.
So in the end, the Spurs and Heat are most likely going to be facing each other in the finals. Watch for Shaq to dominate Nesterovic and for a great battle between Parker and Wade. In the end I think the Spurs are just to experienced and consistent and will take it out 4-3.
But, as always, you can never say for sure.