The only teams clearly better than Milwaukee are Boston, Orlando, Chicago, and (probably still) Miami. Atlanta and Milwaukee are pretty even.
Milwaukee is going to be a really unlucky draw for whoever gets them in the playoffs. They're tough, they're defensively talented, and by the playoffs Bogut should be improved, and they should have figured out their rotations. Right now the talent at their 4 (LRMAM, Ilyasova, Gooden, Brock, Sanders) is not commensurate with the minutes they're getting.
Between Delfino and Maggette at the 3, and Ilyasova and LRMAM at the 4, one of each pair will likely get traded.