The general consensus is still that Ronnie is a notch above Cutler, but let's not fool ourselves into thinking that Ronnie was invincible. He had a number of close calls during his reign, even losing outright when coming in a bit off. To conclude he was untouchable would be based on personal preference and bias, rather than reality. There are aspects where Jay in his 2009 form may still be at a disadvantage, but he also carries a number of strengths that would make him a legitimate threat.
People speak of Cutler not being consistent with his conditioning. How many times did Ronnie come into the Olympia at his absolute best? I view 1998 as his best conditioning wise, with 1999 as a close second. After that his conditioning got worse and worse. So, out of all his Olympia wins, he came in at his absolute best one time. And won by 3 points.