i thought the idea of having the last person get first pick was originally to address the issue of 'closing the circle' in some ways as i'm sure they *hopefully* could find something interesting that they essentially get to pick in the first round (very nice position to be..).
perhaps another option would be like 'fantasy baseball' type swap, where everything is done almost in 'real time' to satisfy the more impatient types. this way there would be an agreed on 2 hour time period (maybe a wednesday or saturday evening, so those who don't work on a computer can join too..

) posted a couple weeks in advance.
don't exactly know how this works, as i don't do fantasy baseball, but my brother right around now sets aside a whole evening to do picks online where they have rounds and already have their picks setup. maybe we could get 10-15 people who can post up 3 nice corals they are willing to frag, once they are given the 'go-ahead' (maybe by others they their corals would be picked/wanted by people in the group), then all picks are posted and computer randomly generates list of who picks first, second, etc. each person picks on, then moves onto next person, etc.
obviously this doesn't have to be in real time (as we would know our pick ranking beforehand, and since we already know the picks too, we can setup our picks in advance).. just a thought for a future format for an informal frag swap..
