Since several people are asking about the particulars, here goes:
(By the way, we're up to 9 owners, only need 3 more experts and this baby is ready to go!)
AL Only, 4x4, Online Auction, Fresh Draft each year, Money league (prob $100-$200, subject to vote), weekly transactions via faab, draft date to be determined as soon as we launch, which should be within the next day or two.
Let me know what else you would like to know. Thanks for your interest.