This is happening. Timing is awkward as some of our best magic players (including the level 2 judge - whom I owned in the draft at v29 muhahahaha but seriously he'll kick my ass this time) are in the TF2 tournament which we've partnered with ozfortress to do.
So, if we get 8 people as-is, then I'm happy to see a draft run earlier and we could do one later as well. As long as people have $20 to enter per draft, we'll keep running drafts