Definitely not. 04 Pistons were one of my favorites teams and one of the all time best defensive teams of the modern era. Nene, KMart, and Gallo are nothing close to Sheed, Big Ben, and Prince.
I really don't see any comparisons. They are still a pretty good offensive team without Melo, but in what other way are they even close to the championship Pistons? Who has the leadership of Chauncey? How are they going to get out of the first round?