Listen, there's a reason why I haven't been posting so much in the pre-season: It doesn't really provide you with all that much new information (especially when your top two players are out).
Ya, it's fun to realize that Amir Johnson is probably the team's best defender, and it's sad to learn to there was a pretty good reason Don Nelson gave away Marco Belinelli. But in terms of learning valuable information that could predict regular season success... well, there's just not that much there.
WITH THAT BEING SAID, let me list the teams that are currently two games or more below .500 so far this pre-season:
EAST: Charlotte, Toronto, Miami, New Jersey
WEST: Memphis, New Orleans, Oklahoma City, Sacramento, Minnesota
Not exactly a bunch of world-beaters in that group are there. The contrarians to the subtle point I'm making would say that the Raptors are trying to integrate a bunch of new players into a new system, and that would explain the pre-season record. My rebuttal would be that I thought the Raptors were now one of the supposed "deepest" teams in the league with all the moves made by Colangelo in the off-season.
Just as a reference point, let's look as past pre-seasons for these Raptors, and how it's translated into early-season success:
2008-09: 4-4 (3-0 reg. season start... finish 33-49)
2007-08: 5-2 (2-1 reg. season start... finish 41-41)
2006-07: 7-1 (2-8 reg. season start... finish 47-35)
2005-06: 3-4 (1-15 reg. season start... finish 27-55)
So, the last time the Raptors had a losing pre-season record, they finished 27-55 in the regular season, that's all I'm saying (haha, how's that for unnecessary and slightly irrelevant statistics!).
You could look at those numbers any... uhh, number.. of ways. The team had an average pre-season last year but got off to a quick start. But then again, that team finished with an awful record. On the other hand, in 06-07, a fantastic pre-season led to an awful start. However, that team finished with a great record. Does a pre-season have any impact whatsoever on a team's final record? Just on its start? Or none at all?
Personally, I think pre-seasons are for individual assessment. Who's healthy? Who's in shape? Who can defend? Who can rebound? This is how rotations are formed. For example, let's take a stab at pegging down Toronto's "depth chart" as it stands today:
Point Guards: Calderon, Jack, Banks
Wings: Turkoglu, DeRozan, Wright, Weems, Belinelli, Douby
Bigs: Bosh, Bargnani, Evans, Johnson, Nesterovic, O'Bryant
I think before the pre-season, it was a safe bet that Belinelli had a spot in the rotation as a three-point shooter off the bench. However, his turnover-prone, bad shot selection, out of control play in the pre-season probably means he'll start the year on the outside looking in.
I also think most people assumed Rasho Nesterovic would be the 4th big man on this team (behind Bargnani, Bosh, & Evans), however Johnson's play--mostly on the defensive end--has probably pushed him ahead of Nesterovic (if not Evans as well) on the depth chart. And oh ya, Patrick O'Bryant is a stiff.
So looking at that, what have we really learned? Well, Belinelli squandered a great opportunity (with Wright injured) to become the first guard off the bench. If that's the biggest news to come out of pre-season, then it really is some pretty non-eventful stuff.
However, retrospectively maybe some things will end up bigger than they seem now. If Calderon's struggles continue into the regular season... if Turkoglu's endurance & explosiveness are slow to return... if Bosh struggles in the new offence... all these things you could say afterwards were signs that something was amiss.
But I think it's impossible to say, until the games count, that all of those things will continue into the regular season.