OK, I checked and the draft-time-stays-as-before...

It turns out that the later time slot isn't even available anymore with it being so close to draft day.

In any case, the draft is on Wednesday, Sept. 1st at 6:45 PM Eastern.

As JG posted, the draft order is randomized a little before the draft starts.

The draft is in snake fashion - the 12th picker becomes the first picker of the 2nd round and snakes in that fashion all the way until the last round.

Each drafter will have 90 seconds to make his selection. Once he finishes, the countdown begins for the next guy.

As for pre-ranking, you usually do not have to pre-rank your players because Yahoo already lists the players through its own default ranking system (which is usually pretty good).

There are only two reasons to pre-rank - (i) you disagree with Yahoo's rankings or (ii) you're not at the draft and want to make sure your favorite players are picked first (e.g. Say you have the urgent need to pick Chris Simms as your first pick. Then pre-rank and move Simms to #1 on your pre-rank list.)

Auto-draft (which is when the computer picks for you) is only used for players who do not show up live. The auto-draft will pick the first available player on your rank list. If you are there live, you manually pick your players.