No, not underestimating them, just acknowledging that the air of invincibility they had is gone.
They are first for a reason. I think they have been a bit lucky, but winners make their own luck to an extent.
I think some of those ordinary players are are bit more ordinary than their predecessors, and some of their stars are also a bit more ordinary than what was before sans Hughes. I was more alluding to the feeling that they wouldn't get close to previous iterations of the Storm in a head to head.
Yes, they will always be well coached, and usually ahead of others in terms of innovating the most effective way to play the game.