I thought this was a pretty good idea (read the first comment), so I'll open it up and see if there's any interest.
League ID: 351041
The league has the same ruleset as the original, NL only, player at each position, five starting pitchers, two relievers, five bench players, one DL slot.
The draft will be Thursday night at 8:00 EST. If you can't make it that's not a big deal, feel free to join anyway and just rank your players before hand.
We need 11 teams, since I had to take one (I didn't see a way around it). Hopefully we can fill it up and head into next season with two established leagues. I think the concept of a "premier" league and a minor league (or two) is a pretty cool one, and might help to hold interest throughout an entire season, since finishing in the top half would have meaning.
Here is a direct link for the league:
If you have any questions go ahead and post them here, or feel free to send me an email.