I do think that going to seven/six team divisions is a step backwards for the NHL. Of course, I don't think anyone likes the concept of a two conferences of four-divisions each setup much, either.
My little proposal:
Division 1 - Boston, Isles, Rags, Devils
Division 2 - Habs, Sens, Sabres, Leafs
Division 3 - Philly, Caps, Pens, Canes
Division 4 - Panthers, Lightning, Columbus, Nashville
Division 5 - Detroit, Chicago, Minnesota, Saint Louis
Division 6 - Winnipeg, Edmonton, Calgary, Vancouver
Division 7 - Ducks, Kings, Sharks
Division 8 - Dallas, Colorado, Coyotes