Eh, hardly. I think the west has just as many bottom feeders as the east does, and in respect to each side, I think they both have power teams. Recently for the west the Hawks, Red Wings, Sharks and Canucks have stepped up. But in the East you've had Pittsburgh, Capitals, Boston and the Devils consistantly above the top (Minus the Capitals/Pens this season, and Devils last season). I can also point out more lolyoubad Western teams than I can Eastern.
However, I usually only focus on the Eastern conference until playoffs begin, so I can't say much more than that.
I also loled so hard at the Mod posting about the Sharks comment (Surprised you didn't choke, blahblahblah). Best comment I've seen the past week.