The East is even more of a toss up more now than ever.
The Cavs got older by getting Shaq/Parker and they dont have much versatility in their bigmen. They havent made any big moves (other than Shaq) that makes them all that much better than a year ago.
The Magic traded for Vince Carter's nasty contract, lost Hedo, and have a really thin bench. The Starting 5 should be solid but the bench is going to be worse.
The Celts signed an over the hill player in Sheed, may lose Glen Davis, looking to get even older by possibly signing Grant Hill, and the Boston Three Party will be another year older. KG's health is also of major concern.
It really is a toss up in the east.