I have a 14 team 5x5 AL Only League set up on Yahoo set for a live draft this Sunday (March 13) at 7:00 AM (Pacific Time). The league has a little bit different twist in that the roster is limited to one each - C,1B,2B,SS,3B,LF,CF,RF plus one additional Infielder and one additional outfielder. Pitching staff will consist of 4 starting pitchers and 1 Relief Pitcher.
The idea behind the limited roster is to prevent teams from hoarding star players on their bench so that a decent free agent should always be available if needed.
Of course, with a league/roster setup like this, some teams may be tempted to constantly drop players and pick new players up so in an effort to prevent this a cap of 25 moves (free agent/waiver pick ups) has been put in place but an unlimited number of trades are allowed.
If interested the West Valley League (ID #35280) is accessible as a free public league through Yahoo. Obviously I am looking for dedicated owners (aren't we all), so please only sign up if you are really interested. And let's play ball!