Not surprising. But I do think GMRF is playing things a little too conservatively.
He is absolutely giving Seattle very little to get excited about early on. There's people like us who are crazy hockey fans posting non-stop on a message board in the offseason, but for the average hockey fan... Francis is really killing a lot of the early hype, I would imagine. Zero trades at the ED, passed on all the names the average fan would recognize, made one minor flip of a 4th liner for a 4th, no trades leading up to the entry draft, one first round pick. With the Vegas trades, I don't even know that people cared as much about the players acquired as the entertainment value of multiple trades being revealed and stacking up 1st round picks. Right now this Seattle team is on par with Arizona for entertainment value, to the average fan.
I'm not complaining. I get it from a fanatic perspective. The hope is we're being patient, waiting for UFA, waiting to see who strikes out, taking a patient approach to building in general. But to an average fan, the NHL hyped up this expansion to no ends and so far it's been a dud from the perspective of a normal person (one who doesn't spend their summer posting on HF every day).