In terms of the division its going to be a tall task to say the least and probably unattainable at this point. If they can close the gap to 5 games over the next month, then everything changes. As for the playoffs, they are certainly not out of the wildcard race. If they get to .500 by the all star break, a small run could get them in.
That being said, lets see how they do over the next few weeks. If they don't get closer to .500 then they are probably finished.