A bit of an aside: ESPN Insider has their current projections of the Eastern Conference placing Toronto at 11th:
5. New York
Their writeup basically sums up as: "If Jonas turns into a monster, the Raptors can make a playoff push. If he doesn't, a tank is in order."
Not really a surprise. 7-11 are all the teams being speculated on in the forums as battling for the final 2 playoff spots. 12-15 are the teams widely considered to be tanking (or in the Bobcats case, still terrible). I think you could rearrange 7-11 any way you want and it would look plausible. Maybe even throw Atlanta in there too, but I'm a firm believer that they got better this offseason, or at least will be as good as they were last year.