I disagree. She skated lights out at Finlandia, unlike her JGP skates, where she's made several errors. Although the competition is in Finland, the judges are international, not Finnish. You might argue her PCS scores are a inflated (and I agree that they were a bit), but her TES was not. Her jumps, aside from the hand down on the lutz, were great. She also has fantastic spirals. Her spins aren't her strenght, but their decent. Aside from the lutz, she had no negative GOE, because her elements are of very good quality. She's got good skating skills as well, better than most of the field, and she has nice flow, presence and charisma.
You are wrong about the levels in the LP - with the exception of her level 2 step sequence, all her elements were level three or above. Also, think of the field she beat - Kostner, Pöykiö and Korpi, who are all European medalists. Additionally, she's made considerable improvement between each of her events this year.
I'm not saying she's ready to beat everyone at the JGP final, but I think she is definitely a contender and shouldn't be underestimated.