I don't see MTGO going belly up anytime soon.
Turgy, you article was interesting and informative. Only problem is. And I am hoping others can give me some feedback. I have thought about doing the drafting. Which is what others have suggested. If you read the Users agreement, ther are 13 states in which you can not win prizes from online contest..legally. Florida happening to be one, where I live. My question to that, is this one of those rules that people just disregard. Do you know anyone who has? So even though I could enter a tourney, no way can I make money off winning, only rare drafting. I would rather play to win.
and yes Turgy, my online handle is Lythand
Reco, I suggest reading turgeys post. Very informative. May answer your question. Alos check out Wizards website and go to Magic online section.
Finally, I did spend some extra money on Ebay. There is a dealer there that will make some budget decks, that have a few good rares, and the decks work fairly good. I purchased a White Weenie deck for 13$ and loved it.