Considering how bunched the east is and the scattered mess in the west, that would be a good idea at this point. If that does happen the league could go back to the names honoring individuals. For instance the two conferences being named Prince of Wales and Clarence Campbell again. I actually liked that. If so, the league could end up looking like this:
Adams division
Boston Bruins
Buffalo Sabres
Montréal Canadiens
New Jersey Devils
New York Islanders
New York Rangers
Ottawa Senators
Toronto Maple Leafs
Patrick division
Carolina Hurricanes
Florida Panthers
Nashville Predators
Philadelphia Flyers
Pittsburgh Penguins
Tampa Bay Lightning
Washington Capitals
Norris division
Chicago Blackhawks
Colorado Avalanche
Columbus Blue Jackets
Dallas Stars
Detroit Red Wings
Minnesota Wild
St. Louis Blues
Smythe division
Anaheim Ducks
Calgary Flames
Edmonton Oilers
Los Angeles Kings
Phoenix Coyotes
San Jose Sharks
Vancouver Canucks
Winnipeg Jets
Looking at it now ... not so sure if I'd like that.