I think your reading is about right, though I'm not sure about your application of it to the current situation. The "crisis" being discussed today in physics is quite different from the ones Kuhn describes--in some ways it is the opposite situation. For Kuhn, as you note, the crisis comes when existing theoretical models prove completely inadequate to make sense of new data, so the old model has to be largely thrown out and a new paradigm built in its place.

Today's crisis in physics (if that's what it is) seems to be that, even though our existing model seems incomplete for theoretical reasons (lack of harmonization between models, for example), it continues to fit all the empirical data we have been able to generate. Really, we are hoping to stumble upon a new paradigm, but we can't seem to make it happen.