It's too early to tell.
At this stage in 2008, we were top of the table, on course for the quadruple. A combination of Celtic's shameful manipulation of O'Donnell's death, Celtic's shameful manipulation of the resultant fixture conjestion (tour of Japan), the SPL's cravenous kowtowing to Celtic, some dodgy decisions against Celtic (Robson on Dailly, Venegor of Hesselink on Faye both escaping red cards, amongst others), and perhaps Walter's reluctance to rotate the squad, we squandered that lead. And, due in part to Cousin's petulance, we lost the UC Final.
If this team win the league, I'd say they are better than the 2008 team, regardless of the remainder of the EL campaign. If we win the EL but lose the league, they are certainly better than the 2008 team.
But if they reach and lose the EL final and lose the league, as in 2008, we're down to the manner of it all. This team are more entertaining to watch and play some beautiful football, while the 2008 team were solid and got the job done (with exception of Lyon away and Stuttgart at home!). And this team are arguably doing it at a larger financial disadvantage than in 2008, against teams with much larger budgets than us. And, like in 2008, we're also fighting uphill against dodgy refereeing domestically that may ultimately decide the title.
Celtic manipulated the fixtures this season, much like in 2008, and benefitted in both cases with recovery from injury problems, new signings and avoiding playing us when we had all the momentum. We squandered a 2-goal lead against Motherwell a couple of weeks back; we squandered a 1-goal lead against Motherwell after the split in 2008. We were thumped 3-0 by Celtic before that this season in a re-arranged fixture, and in 2008 lost twice to them in rearranged fixtures in April. There's a few eerie similarities to 2008, but this team still have the chance to come out on the right side in Europe, domestically or (hopefully) both.