No, it's not vulnerability, vulnerability would have been felt chasing a mammoth total in a world cup final against the bowling talents of Donald, Pollock, Symcox and and the 2 best all rounders in the world. Now that is down right scary. What SA had then, what Australia had then, and what Australia have now is all neck and neck. Now compare it to India, the gulf is huge, Kumble and that's it. The addition of Bond doesn't all of a sudden mean New Zealand are closing fast (4-0, no contest), they are closing very minorly, if at all, SA there is some hope for, but they've yet to meet a decent yard stick.
There's no vulnerability, just this hype driven illusion which flies in the face of true competition. I'm not putting the Indians acheivements down, simple fact is they've acheived nothing. And there is a 'purpose to solve' in doing this, it may help to stem the free flowing praise of a team almost content with being consistently second. Why were no questions asked when Ganguly didn't enforce the follow on? Why when it was clear the Australians were prepared to have a dash at around 10 an over off 100 balls on a 5th day pitch with only half the team still in hand did Ganguly not accept the challenge? Why didn't he show the tiniest damn bit of beleif and go for the win? Show the Australians the boundary, encourage them to hit over the top, instead he cheated the game out of 2 overs, spread the feild and played out a draw. They scored 700 runs in the first innings and down the stretch Australia could have won it. Nothing was said of this, instead people were too busy praising the Indian team for not losing.
People need to start asking the right questions, and stop these unrealistic hopes. You can dismiss it as Australian vulnerability if you want, in fact I hope they all do so (not really, I like actual true competition), it'll only serve to ensure they all stay 2nd rate.
As for one day cricket 96-99, check where the big W's all are, that's what matters.