Compared to last year's team, these spurs are better. Last year's spurs made it to the WCF and were 2 games form the finals; nothing to sneeze at.
Ginobili's decline is offset by Tim's resurgence and Kawhi's emergence.
Yes, it's a championship caliber team. To a certain extent, winning against Lebron/Durant is dependent on luck. If things go right, and the spurs execute their offense properly while playing the kind of defense we've seen so far this season, there's no reason they can't win a championship.
We'll see how they do against the Heat in that upcoming matchup. The Heat haven't played the Spurs at full strength this season, so that may give a better idea of just how unstoppable the Heat are (or whether they are, in fact, unstoppable).

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