No we really don't, although its closer than the relative status of the teams might suggest.
Assuming, for a moment, that AK47 is still himself, and he certainly looked it this last series, we only have a clear edge at one position (OG) and a slight edge at SF. Meanwhile we get ruined at PF, have slight disadvanatages at PG and C, simiilar disadvanatges at 6th (Harpring) and 7th (Milsap -- who is actually damn impressive actually, wish we could have nabbed him) and likely even 8th (Giricek). By the time you throw in age, physicality (size, strength, toughness, quickness) and ability to fill important roles and function within a team concept, its not even close.
And yes, in October, it would have looked like a much closer deal to most. But that's only because most, including myself, could not foresee the huge strides made by Boozer and Williams, and the out of nowhere arrival of Milsap. I would trade any of our starters to get either of the first two, and any of our benchers to get Milsap. tehy are not a truly great team, and still do not have a truly Great player. But they are quite good. And one OG away from being very very good.
Meanwhile...we suck. If I were not a Kings fan I would rather watch paint dry than watch our disgusting pile of boring sludge blunder about.