This team has better shooting and is more athletic.
Defensively, they are even. That defensive lineup of Chandler/LeBron/Iggy/Kobe/Paul is deadly. Of course Magic/Jordan/Scotty/Ewing/Robinson is pretty damn good.
Low post/rebounding, not even close, it's Dream Team and that gives them the edge. Love/Chandler would get abused, even if LeBron/Melo could guard Malone/Barkley.
Now, let's pretend everyone was healthy and willing to play for 2012:
PG- Paul/Rondo/Williams vs. Magic/Stockon
SG- Bryant/Wade/Rose vs. Jordan/Drexler/Mullin
F- Durant/James/Anthony/Bosh vs. Pippen/Bird/Barkley/Malone/Laettner
C- Howard/Chandler vs. Robinson/Ewing
Now that would be a hell of a team.