The regular season will be starting up shortly and it seems like it was just the other month that the Red Wings hoisted up their 4th Stanley cup in 11 years. The Wings will definitely be a playoff contender (they've appeared in the playoffs every year for the last 15 or so years, a pro sports record) and I do think with the depth they added at the end of last season with Marian Hossa will potentially see them as a Cup contender again.
Hossa signed with the Wings specifically because he wants to win a Stanley Cup and no other team he could think of wants to win the Cup as bad as he does. He definitely signed on with a good team. Are they a dynasty? That's open to debate as you'd have to top teams like the Canadiens and Oilers of years gone by.
I just wish I was at home to see the Wings hoist up their Stanley Cup banner at their first home game of the season. Good stuff.