I've done a bit of this when I took a massive deck apart. The customer had pulled all of the existing cedar decking up and installed new treated 2x6s. The problem is that he didn't understand that the structure itself was failing, so he basically wasted a lot of lumber. I ended up with about 1500 sq. ft. of slightly used treated 2x6. Like Greg said, you need to cull before you nail. Then put all of it bark up, and see how it wears. I find the best cure for splinters is a utility knife. It doesn't matter if it's an edge that is lifting, or a splinter coming out of the middle of the board. Gently pull the splinter up, go back to solid wood behind it, and make a sharp cut across the grain, freeing up the small "spear" you are holding. Think of it like chopping a very small branch off a tree by cutting it flush with the trunk. This doesn't look great, but it's hardly noticeable, and it stops the problem for good.