This has nothing to do with Penn State Football - but I'm participating (and the "commissioner") of a Yahoo! Fantasy Football league for Phillyblog.com! The general idea is that it will be a head-to-head league with very little limits on trades/waivers/free agents.
The Fantasy Football League has been registered for Philly Blog. The time and date of the draft can be changed - there is limited availability for weeknight times - but if it needs to be changed, we can work something out. Currently, it's scheduled for August 17th (Wednesday) at 7:30pm.
League ID#: 68886
League Name: Philly Blog
Draft Type: Live Draft
Draft Time: Wed Aug 17 7:30pm EDT
Max Teams: 16
Scoring Type: Head-to-Head
Start Scoring on: Week 1
You can check out the other settings at Yahoo. We went with an online live draft (as you can see), head to head, with the Yahoo defaults.
If anyone has any strong preferences for a certain setting let me know; we can change a bunch of stuff pre-draft.