I've never been too upset about the playoff format. The main argument against it is "two of the best teams in the NHL could face each other in round 1 (or 2)". But if you step back and look at the actual numbers behind the standings, that argument falls apart.
Right now, with one game to go in the season, one game separates 7 teams, from Toronto (nominally 6th) down to St. Louis (nominally 12th). That's one game in 81. Just like I wouldn't call a coin biased if I flipped it 10 times and it came up heads 6 times, I don't think based on the W/L/OT, ROW, and season-record that that current list of teams is 100% accurate. If they replayed the 81 games, those teams could easily be jumbled up.
Do I think Tampa's better than Ottawa? That's a coin that came up heads 10 times. But in certain areas of the standings, there's some random "fuzz" that gets added or subtracted from scores that we can't see. The points column is our best guess as to which team is truly best.
So, are two "very good" teams still likely to meet up in the current format, even accounting for this fuzz? Yeah, sure. But even in the old 1 v 8 format, that's still possible.
What the new format does is favor rivalry...which is good...at the expense of possibly creating monotony....which is bad.