Yeah, it actually sounds exactly ideal for me.
I never wanted to get into Fantasy because of the time involved - tracking all that stuff day to day and making roster changes and subbing players with injuries and based on which teams they were playing (i.e. shelve your #1 RB for your #2 because your #1 is playing a team that's good at stopping the run or whatever). From what I understood, Fantasy Football involved a lot of that type of stuff, which seems like a lot of work.
Something where I can pick once, root for a team throughout the season, and never have to login once to change anything is perfect.
Seems like this format the draft order is way more important than normal - it sucks drafting #11 or whatever. By then most the playoff caliber teams (Patriots, Broncos, Seahawks, 49ers, etc.) are gone, and you get the middling teams.
Normally you have like 20 or 30 draft picks or whatever it is, and even if you draft low to start you have more picks to even it out, whereas with this "pick once" thing drafting later is tough.
Can't be helped, I guess.
//EDIT
Actually apparently you can by picking two teams and "snake" drafting - someone on the message boards just suggested that.
//END EDIT.
One interesting potential format: a pick the team style like this, but you redraft every week. So naturally you're looking for mismatches (if Patriots play Broncos, you probably don't pick either of them) rather than just the best team overall, and the fact that you'll have 17 drafts evens out the luck (you may pick first on a week where the Patriots play the Jets, but last another time).
Once again you have to make a change every week, but at least you don't have to monitor dozens of individual players, but rather just pick a team each week. IDK if that draft format is possible, but it sounds need.