I would agree except for one thing ... injuries. The top four players on their team are all injury prone. It's a miracle that they are all healthy right now. Peja has a bad back and he's 30, which puts him right on the edge of declining rapidly. West has been injured a lot in his career -- even back when he was a bit player. Chandler is always an injury waiting to happen. Even Paul seems to be banged up quite a bit. Plus, point guards as short as him always seem to peak early in their careers and battle injury (unless your name is Calvin Murphy or Avery Johnson).
All the stars are aligned for New Orleans. If you take away one of those four players, they become a much more beatable team. I don't think the chances of such an injury prone team to be healthy at the same time in the playoffs is that likely ... and will become less likely as they age.
As odd as it may sound, the Spurs' window is probably larger than the Hornets window . . .