A couple things:
1) I'm still STRONGLY in favor of fixing the cardpool before this starts, which would probably leave us with everything up to and including Shadowmoor. I don't think waiting until the starting person comes up is much of a fix, either. It just shifts the favor from whoever's turn it is when the set is released to whoever started the draft. So in addition to getting the first overall pick, they also get the first choice of the best cards of 2 or 3 new sets. And any new sets might only contain 1 or 2 cards that would be playable in this format. We should definitely set the cardpool before starting.
2) I forget what we did last time, but we need firmer rules on time limits and what happens if you miss some picks or drop out altogether. The only thing I didn't enjoy about the draft (aside from getting beaten by Ransac) was waiting weeks on end while Homestar and Zigathon went MIA. I thought the missed picks getting made up at the end worked well, but if someone misses so many in a row, we need to replace them.
3) Sort of on the same subject, we also need to be better about finding someone to turn in picks for excused absences (e.g. vacation, etc). If you're going to be away for a week, give your want list to someone arbitrary (TomB, KillerJoe) who can fill in for a day or two. Or else, we'll let Ransac make your picks and you'll end up with Dwarven Pony.