Outside of Boston, I'll say fans overrate the Lakers, both as a team and individually.
Kobe Bryant is a great player, but he's not MJ. Pau Gasol -- a player who was underrated for years -- is now seen as a complete player on both ends, which is fairly silly; he's still a weak defender. Lamar Odom averages fewer than a dozen points per game, and is often unmotivated. Andrew Bynum is hyped beyond belief. Trevor Ariza (now gone) is a good hustle guy, a solid energy player who can hit the three, but he's basically a younger James Posey, not an all-star in the making.