The problem that I would have with 2-3 hour picks is what happens when the person who has the #7 pick, has the deadline from 12AM-3AM? Then Pick 10 or 1 could swoop in and take the value of the seventh overall pick!
Sorry, I didn't make that clear, drafting wouldn't be open until a convenient time. I had thought of that already and figured making the drafting times (and this is just an example) say 6am - 11pm cst, or trying to somehow conform it to the time zones people are in. (Austrailian times going to be a b*tch), but I know Lohr's (I'm assuming) in the west somewhere, we haver a couple east coasters, I'm in central, UKLK is in england, and GT is in Austrailia. We might have to get creative with PMs and such, but it could be done.