Ultimately, the NHL regular season is about only one thing: making the playoffs. Seeding is meaningless. If you get in, you've got as much of a shot as anyone else, whether you're the 8-seed or the 1-seed in your conference.
And that, to me, is a pathetic reason to have a regular season.
The NHL is the only league in which seeding is beside the point. In my opinion, a smart team will bust their butt to make the playoffs, then rest their key players so they are healthy and fresh for the playoffs.
Couldn't you make a similar argument for the NFL? The playoff seeding for the last 12 SB Champs has been (starting with the most recent): #4, #6, #1, #2, #5, #3, #6, #2, #1, #2, #2, #4. So over that period, the #6 seed (the last team in each conference to make the playoffs) has won the same number of titles as the #1 seed. Sounds like the goal at the beginning of the season should simply be "making the playoffs."