1994-95
C: Shaquille O'Neal
PF: Horace Grant
SF: Dennis Scott
SG: Nick Anderson
PG: Penny Hardaway
Bench: Brian Shaw, Donald Royal, Jeff Turner
2008-09
C: Dwight Howard
PF: Rashard Lewis
SF: Hedu Turkoglu
SG: Courtney Lee
PG: Rafer Alston
Bench: Mickael Pietrus, Anthony Johnson, Marcin Gortat, Jameer Nelson
I think this year's team has to have more talent, top to bottom. However, the '95 team had the most dominant player, and Penny was pretty amazing back in the day. It would be close, but I'll say this year's team wins in seven.
As an aside, I'd love to see a prime-Shaq vs. prime-Howard. I think Shaq would school D12.