The best part about this draft is the agony and rebirth of hope. Each time the round's results are revealed, I think, "Damn, that sucked." And then I go back into the draft center, do some more research, and I think, "Okay, I can make this work. This might not be so bad." And then the round's results are revealed... repeat.
The next best part is the anticipation of the 'reveal' each round.