I think the expansion method is a total disaster to be frank. A team winning the cup after 1 year in the league is comical.
I think it's great. The whole "expansion draft was a disaster" is such revisionist history here on HF. Teams were able to protect, for the most part, their 8-9 best veteran skaters, their best goalie AND all of their best young players and prospects. They cobbled together a team with a couple of high profile players, some guys that needed a chance, and a bunch of cast offs from other teams. Before the season started, people predicted them to be one of the worst teams in the NHL and were calling McPhee and idiot for how he handled the draft. In hindsight, kudos to him for using it to take advantage of a few teams that wanted to get rid of some dead weight / bad contracts.
The team reminds me a bit of the 05/06 Canes. A few guys nobody wanted (Whitney was bought out, nobody but Carolina offered Stillman a deal), a good coach that pulled all the right strings, a relatively no name defense, some hot goaltending at the right time, and a team that played with a chip on their shoulder.