At this point the Knicks are at the top of thier Division and undefeated at home.
I do wonder at what point are folks going to admit that Woodson is a better coach for THIS Knicks squad (maybe not a better coach overall-even tho I would say so, as I do not like Mike Dantoni) than Dantoni was? Maybe dudes relate to him better because he used to ball back in the day and he reminds them of an uncle or something.
Are the Knicks beating the Heat in the Conference playoffs? Probably not (assuming the Heat can go Super Sayian in the playoffs). Would they beat the Thunder in the Finals? Probably not.
If that is your only criteria Championship or Bust, what is the point? There are probably under 5 or 6 teams with a realistic shot at contending for the title. And if by contending you mean "beating the Heat or the Thunder in the Finals" the number drops. Everybody loved the 90's Knicks but they could never beat Michael Jordan's Bulls and that never dampened fan enthusiasm. Hell, the only year they got past the ECF was the year Jordan was "retired".
I will say that this Knicks team is patterned after the Mavs team that won the title 2 years ago. Same center, same guard, another bench full of wily vets but Melo is in the Dirk role but smaller and playing D.
Barring injury (which is what really screwed them last year-that and having the worst Point Guards in the league) they should do really well.