As has already been said, if at all possible, you gotta go with the Live Draft. Hot Food, Cold Beer, Good Friends, and FF. There are definitely worse ways to spend a Saturday Afternoon.
In my (former) $$$ league the other owners decided this year to switch from a Live Draft to an Automated one. (Several owners stated that they were "no good" at drafting, and were more comfortable letting the computer pick their teams.) I sure as h**l wasn't paying $100.00 so I could end up with a team with three defenses and two kickers, so I walked. (Plus, the draft's my favorite part of the whole deal anywho.) Started a new Small $$ League with some family and friends (all first-timers) and they're all lookin' forward to us all getting together August 25th to BBQ and select our teams.
"I disapprove of what you say, but I will defend to the death your right to say it." -- Voltaire