I'm going with Type II. It forces you to stay on the ball, and watch out not only for the metagame, but for stuff built to beat the metagame. Its chief focus is on deck development.
I just want to say this opportunity that I HATE Oath. I hate Replenish and I hate Turboland and I HATE NETDECKS!
You realize, don't you, that you can almost recite the entire decklist (heck, many of you can take that 'almost' out of there) when you hear those names? That there's no creativity involved in making those decks at all, just copy the best thing you see from the net and play it?
I miss the glory days of Magic. I miss the days when, when you saw someone playing a deck, it only had whatever name THEY had given it, because you knew they had created it. And I don't mean that they'd taken a known deck, changed two cards, and called it their own...I mean the idea sprung forth from their own mind. If the deck was good, it was because they were good at building decks. There was no 'metagame', there was no 'tech', there were just people making good, fun decks.
I wish Magic had never found its way onto the Internet. Sad to say, this site too. I know, it's a stupid wish...and some say that if it hadn't happened on the net, people would have found other ways to spread 'tech' and crap like that. But really, Magic is at its most boring level these days; if you tell me the name of your deck, I can tell you what's in your library.
That's why I like Type II the most; sure, there are Name Decks, but the field is open for all sorts of other decks as well. 'Tech' is a day-by-day thing in Type II, and you never know when the next guy will come along with something that goes all the way. Combo kills are almost impossible, which means that you have to wrap your mind around concepts like 'synergy' and 'deckbuilding'. Concepts that today's beginning (or even intermediate, these days) Magic players don't worry about, because they don't have to. Go see what decks are good, copy them down, buy the cards, and play them. Ingenuity is frowned upon.
*sigh* Oh well. I rock in drafts because I have deckbuilding skills, where few of my opponents do...guess I should just stick to that format.
Rant mode off.