I think Orlando still cause the Cavs a lot of problems offensively. If Vince Carter + Jameer Nelson get back to their best form, then I think the Magic are still the favourites against Cleveland in a playoff series.
That's a big "if" though. Have to wait and see.
How dangerous Orlando is as a title threat, both against Cleveland and Boston, is still uncertain. All eyes on Nelson + Vince, they'll be the ones who decide how good Orlando can be.